H.R.25 - Fair Tax Act

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 (3)

All Bill Titles

  • 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.
  • Popular: Fair Tax Act as introduced.
  • Short: Fair Tax Act of 2011 as introduced.

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Displaying 91-120 of 163 total comments.

  • Comm_reply
    flynnfree 01/25/2011 9:47am

    This is not true. The business climate will improve and employment will skyrocket. It’s estimated that trillions of dollars will pour into the U.S. because of the new business climate. More investment capital equals more economic activity, economic growth and yes, more jobs.

    Tax preparers, IRS agents, and CPA’s that currently rely on the tax-codes for their income could easily start businesses helping citizens figure out the best ways to manage and invest all the extra money they’ll have due to their full-paychecks coming to them.

  • Comm_reply
    Ramjr51 01/28/2011 8:26pm

    How many blacksmiths were put out of business when cars came along? How many linemen were put out of jobs when cellphones were invented? How many boiler stokers lost their jobs when diesel trains started hauling freight? To prevent progress because it harms bureaucrats is misguided at best. There will be plenty of paper pushing jobs created to provide employment for these poor disadvantaged government workers. It is also quite disingenuous to equate job stifling taxes and regulations to economic evolution.

  • Sxeptomaniac 01/19/2011 8:24am

    This bill would break the middle class. It’s a horrible idea. Those below the poverty level could get credits, but those making just enough see the price of everything go up 23%. As far as I can tell, even food is not exempted.

    I’m glad to say this bill is just for show, and is not going to go anywhere.

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  • Comm_reply
    Sxeptomaniac 01/24/2011 7:19am

    So the price of everything goes up 23%, but they are supposed to still set aside 10% of their income? Basically, if you’re above the poverty line, the less you make, the more painful this tax would be. The less a person makes, the larger the percentage of their income the necessities take up.

  • Comm_reply
    fakk2 01/24/2011 8:06am

    Yes, the price of everything goes up, but only on what is bought. Your presumption assumes people have no control over their spending habits and will spend ALL the money they have. While it is a very valid point, the magic of this bill is If people DON’T SPEND EVERYTHING, they actually get more money back than the current tax structure. And yes, less money = harder life. Anyone making minimum wage will tell you that. But it’s not impossible, and they can control how much of their income goes where, instead of being told “pay up or go to jail” as they are today. I wonder if any news agency would have the guts to go to a fast food chain where the workers are making minimum wage, tell them the pros and cons of the bill just like what we’re discussing now, and find out their reaction. I would love to see that.

  • Comm_reply
    flynnfree 01/25/2011 9:43am

    It’s not true that prices for everything goes up. The costs of doing business will go down and everyone keeps their full paychecks. No more withholding! It will take time for prices to adjust but the cost for goods and services will drop dramatically. I don’t remember the exact percentage but compliance costs for the taxes that will be eliminated have inflated the prices of goods and services but are embedded in the prices.

    Another very important aspect is that only new goods and services are taxed. Lower income families can save a lot in taxes by purchasing used goods. Actually high income families can do that too!

  • Comm_reply
    suzieqs 01/27/2011 7:34am

    And if you believe that I’ve got some ocean front property in Arizona for sale, when has a business ever reduced the price of their goods once they’ve been able to sell them at a higher level? The only way prices would go down is if the government forced it down.

  • Comm_reply
    flynnfree 01/27/2011 9:42am

    Competition is what makes prices go down. Plain and simple. And in fact, quite the opposite is true. The surest way to increase prices (and reduce quality) is to get government involved.

  • Comm_reply
    Chiefcook 01/30/2011 4:49pm

    Do you remember when GM introduced “employee pricing”? How long did it take Ford, Chrysler Toyota and other auto manufacturers to match the program?

    Do you remember when Wal-Mart introduced $4.00 prescription drugs? How long did it take all the other drug stores to match it? The how long did it take Publix Grocery stores to have antibiotics priced with a $0.00 copay?

    It is all part of economics 101. All the stores want their market share of the sales. If one business lowers their price, the others will follow or go even lower!

  • Comm_reply
    NHWynter 04/17/2011 7:01am

    False. Companies drop their prices all the time. They do so to stay competitive in the free market. Walmart makes a killing with their “Price Rollbacks”. Why? Because they know they can drop the price and still make a considerable profit. So they gain market share. And for Target to stay competitive with Walmart and not lose market share, they have to drop their prices as well.

  • Comm_reply
    shauncorleone 03/11/2011 4:10am

    Not to mention, for the first year a manufacturer is allowed to exempt their existing stock to counteract the higher cost of production. The chapter of the FairTax book discussing the tax cost of products embedded into the price.

  • Comm_reply
    NHWynter 04/17/2011 6:58am

    Actually, the price of everything would not go up. The price of everything would go DOWN because you’ve eliminated the business tax of 35%. That tax is one that you currently pay, but do not see because it’s built into the price of the goods and services.

    FAkk2 put up some great math and you should go and read it..

  • Comm_reply
    Ramjr51 01/28/2011 8:30pm

    Another one who follows the precept “Well,I haven’t actually read much about it and really don’t know anything about it but here’s what I think….”

  • Comm_reply
    bdg333 03/31/2011 6:41pm

    The middle class (well, everyone) would get a prebate which is expected to cover the cost of increases in prices of neccessary items, and with the elimination of the income tax, payroll tax, corporate tax, etc, prices are expected to lower for certain products. in fact, 23% of your money spent on food is expected to go to the government anyway, so eliminate that, insert the fair tax and nothing happens.

  • Sxeptomaniac 01/24/2011 7:23am

    Here’s an additional major problem with this bill: this would put a large burden of paperwork on the people least equipped to handle it. The poorer they are, the more carefully they would have to manage their receipts in order to get back the money they spent. These people often work long hours and are less educated in the needed skills.

    Most of them would probably have to resort to tax firms, which would keep a portion of that money (shady ones would probably spring up in poor neighborhoods to take advantage of them, as well).

    It’s all backwards.

  • Comm_reply
    flynnfree 01/25/2011 9:32am

    There is no paperwork with The Fairtax. For anybody, ‘rich’ and ‘poor’ alike. And the ‘prebate’ is designed to help families below the poverty level.

  • Comm_reply
    slatch 02/11/2011 10:56am

    Please read the bill before you comment any further. You are making yourself look foolish and spreading lies.

  • fakk2 01/24/2011 12:37pm

    How can we say we can blame millionaires, which is a SMALL, SMALL percentage of the population, but we don’t blame anyone else for their situation in life or where they spend their money? How is blaming the wealthy and expecting them to pay more any different than capitation for being rich? One day, I hope I’m a millionaire, but I know what I do now impacts what I hope to become, if I’m ever lucky enough to become a millionaire (which is easy to do at minimum wage btw, just look up Dave Ramsay).

  • Comm_reply
    SmilingAhab 02/04/2011 2:08pm

    We can blame the rich because it’s their lobbying and keeping Congress half-deaf to the public will that eroded away at education – and when people are ignorant, they’re also usually stupid. The rich in this country are usually also there through deception, fraud and treating their fellow man like cattle or insects. They aren’t human, they’re lizards, and they are at war to keep the majority from having a voice or a mind.

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  • flynnfree 01/25/2011 9:51am

    I think the 40% who oppose this bill do not understand it yet. With a bit of research, you’ll find that The Fairtax is the best idea yet introduced. When compared to the idea of a Flat Tax or the current income tax system The Fairtax also comes out way ahead.

  • Comm_reply
    suzieqs 01/27/2011 7:38am

    What is it going to do to the disabled living on disability? Are we just going to say screw the disabled, when they’re unable to work or make a living like so called “normal people”? Their income would go by the wayside because Social Security would be dismantled as well as all of the Seniors currently living on Social Security Retirement. I see no provisions for these people in this bill, if I’m mistaken please direct me to where it’s located in the bill.

  • Comm_reply
    flynnfree 01/27/2011 9:40am

    Social programs like Social Security and others are unaffected by this bill. This bill is simply an alternative way to collect the money for the expenses of the federal government. Including for the programs you’re concerned about.

    The support or opposition to those programs are a completely separate debate.

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  • kevinmcc 01/27/2011 3:42pm

    I am all for abolishing the IRS with a flat tax system, but 23%??? Screw that!!!

    I would be willing to support up to 10%, very unwilling to support at most 20%.

  • Comm_reply
    bdg333 03/31/2011 6:44pm

    For many products, the embedded taxes reach up to 23% already, so that would be removed because ALL taxes other than the Fair tax would cease to exist, then the Fair tax would be inserted and the prices would not change. Also, if it wasn’t at 23%, the government would not get equal amounts of tax revenue as it currently does.

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