U.S. Congress - H.R.25 Fair Tax Act of 2009
H.R.25 - Fair Tax Act of 2009
To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. view all titles (2)
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- Short: Fair Tax Act of 2009 as introduced.
- Official: To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. as introduced.
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Displaying 31-60 of 308 total comments.
1. Employers provide health care benefits not just for tax incentives. It’s also a benefit to attract and retain good employees.
2. Why do we have 401Ks in the first place? To save money on a pre-tax basis. Oh wait, that would be unnecessary if there wasn’t an income tax.
3. People won’t stop spending because of this tax. Will people who are poor have more money to spend on food and shelter? Sure.
The point is we will decide how and when to spend our money, not the government.
The tax code has become such a twisted mess written by attorneys/politican who screw up their taxes.
This is so dooable and simple.
IF you do not buy anything, you do not pay. IF you buy you pay. They do it in Europe and it works.
Europeans have an income tax…
And a VAT tax too.
I would be happy to support this bill if it weren’t for that nagging voice in the back of my head that say’s "If this passes you’ll get both the 23% sales tax and the income tax and property tax and etc, etc, etc. The federal budget is a large beast with mouths (PACs) to feed.
TITLE I—REPEAL OF THE INCOME TAX, PAYROLL TAXES, AND ESTATE AND GIFT TAXES
(Sorry for the CAPS its a copy and past from the actual bill)
Basically the 16th Amendment goes bye-bye. As for Property Tax, that is a state tax and this bill has nothing to do with State Taxes.
Basically the Federal Government gets reduced to only having 3 knobs they can turn.
1) Tax Rate
2) Expenses
3) Rebate Amount
That is the best part of this! Simplicity.
It is also the biggest issue with getting it past. No more can Congress claim someone else will pay for it. It is everybody!
I love it! Haven’t found a decent argument against it yet!
Except for the last point, to be created in the Treasury “(2) a Sales Tax Bureau to administer the national sales tax. Terminates the sales tax imposed by this Act if the Sixteenth Amendment to the U.S. Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this Act.”
So either it’s talking out of both sides of it’s ass, there’s a little loophole or a safety valve. In any event it could apparently be possible to have the 23% tax on top of current taxes. Other than that it seems like a step in the right direction.
Europeans have always had tax on their income. Where are you getting your information?
The IRS is the “APRON STRING” that would be cut-I like this idea. This would be fair and balanced for everyone. The TAX CODE is not understood by anyone and is easily manipulated as we have seen in the recent past.
The politicians who do the bidding of the special interest groups in exchange for tax favors will fight tooth and nail to keep H.R. 25 from going anywhere.
This bill would put the power back where it belongs…in the hands of the people! We have to let our elected representatives know that their reelection depends on their support of the Fair Tax.
Simple math at work here:
Representatives who support this bill = representatives with a legitimate interest in bolstering the economy and restoring some level of personal freedom.
Representatives who oppose this bill = power brokers who do not want to relinquish the level of control held by the federal government.
Beautifully stated; brought a tear of hope to my eye!
The math is actually simpler – Representatives who support this bill = Representatives who have either never taken an economic, philosophy, or sociology class in their life or forgot it all (or are in the pay of yet other interests who want this – like say the businesses who suddenly stop paying any taxes at all).
What does philosophy have to do with this and why is a consumption based tax scheme worse than our income tax system?
Ron Paul does not support the Fair Tax, and he is the most economically literate elected official in Washington.
23% is way too much. How about 0.5%? Why do we need these taxes at all? To pay for bloated government that doesn’t belong. To pay for military bases in over 100 countries. To pay the interest on the massive, incomprehensible debt that these criminals have bestowed on us.
If the income tax had to be a constitutional amendment, why doesn’t this have to be? Somebody will challenge the income tax repeal on account that it’s part of the constitution, then we’ll have both.
23%!!! Sheesh!!!
This bill is an excellent correction to the current system. It’s tough enough to try and save as much as possible while using the 60-75% of income that makes it back to me after state and federal income taxes.
I would much rather pay tax if and when I choose to consume rather than automatically, and regardless of what fiscal decisions I make. The reduced administrative burden of not having to maintain a complex tax code with a huge organization such as the IRS would also be a great bonus.
So America cqan be America again?!? YAY!
I think this idea has potential, but I have one problem with it. When people get scared, they stop spending, which would have the potential to spiral into a much bigger, uncontrollable problem for the government with the debt we’re in. This should only be implemented if and when the deficit is eliminated.
It’s a good point, but nothing is scarier than when the feds have more control over the inner workings of everything and a say as to how the banks operate and how much money we as individuals are allowed to have. Courage would find its way into everyone’s pocketbook with 100% take-home.
As an addendum, as a smoker myself I celebrate the future day when everyone pays ridiculously high taxes on consumerist items… It is still a step up from the horrendous system in place. Bravo Republicans for submitting this bill 9 years running
I guess it never going to happen! Eliminate the deficit? LOL
I sort of agree, but if you look at the wording of the bill – it covers ALL spending. Your housing, utilities, food, clothing, gasoline, car payments, everything that currently gets taxed that you have to pay every single month anyway. The so-called “poverty level” of spending is the cutoff point. Spend at or under that level, and you pay no tax. Spend over that level and you are paying tax. It’s really that easy.
And – the best part – if companies don’t have to pay federal employment taxes, they can afford to hire more workers and increase production. It may well be the way out of this financial quagmire we’re in.
Do companies pay that 23% on everything they buy? If so then everything that’s going to employment taxes will just go to that. If not then everyone will become a 1098 corporation and no longer pay any taxes at all.
… and you think the IRS can go away after this? No they’ll have far more to do as enforcement.
Well it’s not much different than the current system. Company A sells a product to Company B. Company A had to charge more due to the income tax they will have to pay on their profits. The idea still stands that the taxation is based on consumption rather than on labor.
So you are saying that the economy is not spiraling now, even though people are scared and spending less, because we have Federal income tax? Do you think there could be a much bigger, more uncontrollable problem than the tanking of the equity and other markets after the Stimulus bill and budget were passed? Fair tax would immediately benefit the economy when payroll deductions for income tax ceased for everybody. And the psychological benefit alone would put 1000 points back on the DOW. Elimination of the deficit is a function of spending less than you take in, not what kind of tax system you have. If you wait for that to happen, it won’t be during President Obama’s term in office, guaranteed. But we need the Fair Tax now.
Honestly, do you really think we are going to STOP spending money?! Come on, we’re Americans! We can’t NOT spend money! And further more, a statistic that I read online the other day said that for some reason, when Americans start feeling financially down and out, they are more likely to spend more of their money than usual. It helps us FEEL better. When we buy things for ourselves and loved ones, we tend to fell a little better for a little while. Foolhardy? Yes, but I don’t think the nature of the beast can be changed…
The current system of taxation has created a large overhead and in itself has become a burden on the taxpayer; it’s abolition is the right move. In most states, sales tax is already a reality; any additional administrative overhead to ensure that revenue is paid to the federal government will be insignificant next to the gains of pulling the plug on the IRS. Most importantly: the taxation will be fair and equal by basing taxation on the buying power of the people as well as our visitors, obviously this is a much smarter way of doing business and will equally spread the burden across the widest applicable crowd. I believe this bill will serve the US in jump starting the fledgling economy and put us back on track, by encouraging people to either spend more on goods or invest.
[Citation Needed]
I agree a lot with what you said. If we’re going to provide illegals with all their services then they can pitch in a little.
At least it rewards frugality, something America needs. If food is not taxed and there is nothing fishy hidden in the details, I would support it. The government would save lots of money just on the IRS budget and tax enforcement costs.
I disagree that food should not be taxed. What do taxes pay for? Roads on which the food is delivered! A massive farm bill that brings the “right amount” of food to us at the “right price”. I support this bill and believe that all purchasables should be taxed. Granted some more than others, but anything that uses government-provided infrastructure should pay at least a small tax.