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)
All Bill Titles
- 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 91-120 of 225 total comments.
Tariffs and the like are an outdated means of income generation by our federal government. While we may like the idea of becoming more isolationist, we need to be progressive in making jobs and corporations create jobs in America and less regressive.
I have read all the post here so far and the general theme for people against this bill have a huge flaw in that they keep bringing up how it will hurt the poor. Under the bill the poor pay no taxes because they get a check each month. This puts their taxes at zero and money in the pockets each month. The bigger part in regard to the poor people is that there will be less of them because this bill brings jobs and money back from overseas and will create huge opportunities and gives people that right now, because of taxes, are barely getting by more money each paycheck. This bill will generate billions of dollars from tourists and the black market economy that currently don't contribute to the government coffers. Another point brought up was how it would affect charities. With more work and wealth available less people will need charities. People will be able to depend on themselves more and be able to help those around them because they will have more. If you look at donations to charities, when taxes in this country were the lowest, donations were the highest. We are a great nation full of caring, giving people. This bill will allow us to do more and create more for ourselves and each other.
That's the most cogent explanation I've yet heard. Whoever wrote this - thanks. People take a cursory look at something and make up their minds, thinking they have the whole picture. I have several liberal friends here in CA who I love dearly, but they demonstrate that tendency over and over.
For those who think this hurts the poor - please read the bill. Then read it again. Then ask questions if there are sections that are confusing. I'm still in the "ask questions" phase, but really - you have to read the entire thing before you can pass judgment.
Charities will be affected, as people move toward a cash society instead of a Credit one, they will save, and feel more obligation to share in their wealth.
Thus after a small decrease in giving, there will be a increase in all giving.
I agree. But I also believe, if you study the statistics, you'll find it's the fiscal conservatives who tend to give to charities more than the liberal left, as a generality. Don't flame me for that - I know it's a statistic, and a generality. But by and large, I believe it's probably true.
Plus, how much nicer would it be if there were more people with jobs who could contribute to causes such as AIDS research and a cure for diabetes or cancer or help for foster kids or whatever your favorite charity might be. More jobs = more people working = economic recovery.
Okay, I like this bill a lot and God knows, I want to take home my entire check. A question that comes to mind is how does this affect businesses? I know the current tax setup seems to take a lot out of businesses so how would this change? Would it simply be cut and dry that businesses pay no taxes outside of operating costs and so forth? I promise you guys, I'm a Republican that's a bit out of date with how and why we are where we are in today's economy. I really would like to understand.
Businesses under the current fair tax proposal would pay taxes in the same manner as any other citizen, sales tax. I haven't fully read the text, so they may be text exempt when purchasing an item to stock for sale for instance, but not exempt if the item is purchased for business use.
Seriously, people...what do you think this will solve. You get rid of the IRS and not pay income taxes anymore. So, instead we pay our taxes every time we got to the grocery or department store. That means the more you buy the more taxes you pay. Think about it. Does this really sound fair? Anyway, Republicans will just start complaining that they pay too much in sales tax. The money has to come from some where. If you make more money than I do, most certainly you should pay more taxes than I do!
If you do the math (or just read the math given to you by MIT on fairtax.org) if you spend your entire check on taxable goods you would be spending approximately the same amount in tax versus the current system of taxation, the difference being that you get to decide if it's spent or not before hand.
Also, those that make more money than you will most generally purchase more items than you, in essence causing them to pay more taxes than you.
Sheesh, not to mention the fact that it's the Republicans who are sponsoring the bill. If you like to eat, say, bread... think about the farmer who grew the wheat. Did you know that if that farmer leaves his farm to his family in his will, because of the current tax structure the family will most likely have to sell their inheritance to pay the stinking inheritance TAX?
Think beyond your own reality. Think about America as a whole. And think beyond your party's rhetoric, if you can.
Bad news. Now, we'll be taxed on our spending habits instead of actual income; and we all know how Americans love to live outside of their means. I don't like the sound of this, people need to try to read between the lines. Or maybe just read all of the lines!
Or maybe they just need to take a financial class or two to understand how the world works, instead of just banking on your fellow citizens spending into oblivion.
Or could they, perhaps... start living within their means? Do Americans really need a remedial class after this kind of economic meltdown?
Let's see, the party that controlled Congress and/or the White House the last eight years, doubled the federal deficit while creating no new jobs, left the economy in a state of disaster, and widened the gap between rich and poor, and complained bitterly about Obama's "socialist" intentions, now wants to enact the same type of sales (a.k.a. value added) tax enjoyed by the semi-socialist economies of Europe? In France, VAT is about 18%. And now the Southern White Tax Cut Party wants to enact a 23% VAT? Make us *more* socialist than France? What a hoot!
They also have an income tax. That would be the key difference. Europeans pay way more in taxes than this system would implement, which is approximately the same as we pay now.
PEOPLE are searching for answers. Get past your party bias please and start thinking like a CITIZEN. The Democrat's fervor in pointing fingers is borderline religious zealousness.
This is supposed to be the Dem's shining hour - when solutions cross the aisle and everybody has a voice - and all you can do is continue pleasuring yourself to the same worn-out tune?
Debate the merits of the bill. Please.
I would also like to add that the Democrats have controlled the House of Representatives for the last 2 years.
Wow, this bill is ridiculous. Won't pass and it doesn't make sense. eliminate the number 1 source of revenue this government makes during a recession? REAL SMART
Income tax accounts for about 46% of the income the federal government brings in. You say this is eliminating the #1 source of income that the government brings in, but you fail to mention the new source of income it creates at the exact same time.
A 23% sales tax? That's higher than almost all of Europe!
Where are the exemptions for big ticket items like houses and hybrid automobiles? Will we become like Sweden where you have to pay an extra $75,000 on a 300K house in taxes?
Almost all of Europe pays income taxes on top of those sales taxes as well, which this proposed system abolishes.
You can not compare the two due to that fact and have an apples to apples discussion.
RON PAUL FTW!!!!!!!!!
How come we never saw anyone propose this while the Republicans had a majority?
Jul 14th, 1999 - HR2525 - Fair Tax Act of 1999
Jul 17th, 2001 - HR2525 - Fair Tax Act of 2001
Jan 7th, 2003 - HR25 - Fair Tax Act of 2003
Jan 4th, 2005 - HR25 - Fair Tax Act of 2005
Jan 4th, 2007 - HR25 - Fair Tax Act of 2007
Jan 6th, 2009 - HR25 - Fair Tax Act of 2009
Since 1999 it has been introduced in every single new session of Congress.
watch zeitgeist a free non download movie for all the information on income tax
No No No - This is not the "Fair Tax" bill that was discussed last year!!!
2011 the rate of tax is 23% of the gross payments for the taxable property or service. (note services are now taxable)
For years after 2011 the rate of tax is the combined "Ferderal tax rate" percentage as defined in paragraph 3 of the gross payments for the taxable property or service.
--Paragraph 3 says: Combined federal tax rate percentage is the sum of the following
A. the general revenue rate as defined in paragraph 4 (paragraph 4 says "The general revenue rate shall be 14.91 percent)
B. the old-age, survivors and disability insurance rate,
C. the hospital insurance rate.
So in 2011 you will start out with paying 23 percent more for the things you purchase. After that year the general rate will be 14.91 percent. I did not see any amount of percentage that the old age survivors and disability or hospital insurance will be. I'm sure that they will be more than 8 percent. So after 2011 you will be paying more than 23% on the things you purchase.
Now then, to the "Family consumption Allowance". What is a "family"?
A. an individual
B. the individual's spouse
C. all lineal ancestors and descendants of said individual (and such individual's spouse),
D. all legally adopted children of such individual (and individual's spouse,) and
E. all children under legal guardianship or such individual (or individual's spouse).
Identification Requirements? In order for a person to be counted as a member of the family for purposes of determining the size of the qualified family, such person must--
A. have a bona fide Social Security number; and
B. be a lawful resident of the United States.
Sounds simple? Here is the General Rule that applies to the above "qualified family"
General rule- For purposes of this chapter, (Chapter 3, Sec. 302 Qualified Family), the term 'qualified family' shall mean 1 or more family members sharing a common residence. All family members sharing a common residence shall be considered as part of 1 qualified family.
So if you are a person sharing a dwelling with a room mate, or some one you are not married to, you are not considered a 'qualified family'. You will pay the 23% tax on everything your purchase but only one person living at that address will be eligible for the "consumption allowance" as an individual.
This is determined by an "Annual Registration form" that will provide the following information:
1. the name of each family member who shared the qualifed family's residence on the family determination date
2. the Social Security number of each family member on the famil determination date who shared the qualified family's residence on the family determination date,
3. the family member of family members to whom the family consumption allowance should be paid,
4. a certification that all listed family members are lawful residents of the United States,
5. a certification that all family members sharing the common residence are listed,
6. a certification that no family members were incarcerated on the family determination date, (explained in subsection (l)), and
7. the address of the qualified family.
Subsection l:
Incarcerated Individuals- An individual shall not be eligible under this chapter to be included as a member of ANY QUALIFIED FAMILY if that individual--
1. is incarcerated in a local, State, or Federal jail, prison, mental hospital, or other institution on the family determination date, and
2. is scheduled to be incarcerated for 6 months or more in the 12-month period following the effective date of the annual registration or the revised registration of said qualified family.
Please note (local, State, or Federal) -- jail, --prison, --mental hospital, --or other institution.
What happens if you have DUI? You might go to jail. You might go to prison. You might even be placed in a mental institution.
You don't drink, okay, what if you can't pay that speeding ticket, that parking ticket, time in jail is a possibility for you and you will not be eligible for the "allowance" giving back to you because you are no longer a "qualified family" member!!!!!!!!!!!!
People Wake Up!!!!!!! Read this thing!!!!!!!! Please!!!!!!!!!
Ron Paul did not introduce this. His name is not on this piece of garbage. Please read it. Read the whole thing.
Stop being the sheep led to slaughter.
Err... you think you will be paied the same once the income tax is abollished think again, wages will decrease for the average person and the top earners will be dipropotionally rewarded, how about more equal pay first then think about changes to the tax law. CAP saleries of the CEO's/dirctors to a maximum factor of their lowest paid employees, then everyone will benifit from a change to income tax.
Please provide your source for this information.
Err.... Please move to a communist country.
If you do not want to work harder and take more risk to acquire more wealth, fine. Leave mine alone. Do not ask the government to steal from someone to then give you money that you have not earned.
If you support this bill, please join www.fairtaxnation.com.
We are organizing to get this passed.