The 'Fair Tax' as it has come to be called is a sales tax bill that cancells most other forms of taxation. ALL forms from the federal government actually.
NO Payroll Tax No Industry Taxes No buisiness Taxes No building taxes NOTHING
The lack of these taxes would make economic measures for improved american competitiveness in the world market ALLOT simpler.
Also it would drive the prices of products down about 25%
This is done with a 23% sales tax on all goods and services. That seems like allot untill you realize that your paying that already. By taxing buisiness, prices go up- buisinesses aren't gonna just eat those expenses.
The rich will still pay more taxes, they will still buy more than we do.
Research it... find out about it... see if YOU THINK its a GOOD IDEA or a BAD IDEA
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I think that it would be a good idea to take away some of those taxes especially since it would drive the prices of goods down. Do you know where there is more info about this?
Yes, sorry for the slow reply. I've been having computer issues.
Here is a site that is very for this tax system...
http://www.fairtax.org/
And another that is is against it
http://www.commonvoice.com/article.asp?colid=1662
The Americans For Fair Taxation (fairtax.org) are on a mission to squash out any public criticism of the FairTax plan and are attempting to exploit the federal trademark system for the ADMITTED purpose of being able to shut down anti-FairTax websites during the upcoming elections. They have an open application to obtain a service mark for the word "FairTax." Genie Hayes, the communications director for AFFT, openly admitted that the goal of AFFT is to get this service mark and be able to yank any anti-FairTax websites as well as to have total control over any shirts, bumper stickers, or anything of that nature that is printed with the word FairTax. They are attempting to get the strong arm of the federal government to back them up in hindering free speech and open/honest debate.
The FairTax is promising to become a rather prominent issue in the upcoming Congressional elections--and if AFFT succeeds in obtaining this service mark, they are going to be in an excellent position to keep people from criticizing the FairTax Act.
The time for opposition to their application is fast approaching. I know that an application for a service mark can't be opposed just because the applicant's motive is unethical. However, I do believe that there is a very STRONG case that AFFT doesn't meet the legal requirements for obtaining a service mark. The strongest argument is all around us--the phrase "Fairtax" is SYNONYMOUS with H.R. 25 and the Fair Tax Plan.
Unfortunately, as it stands right now, I think they'll win their service mark and they'll be on the road to having the power to tell people that they cannot participate in public debate regarding H.R. 25. Perhaps, at least, the public will be informed of this attempt to filter open and honest critiques.