The Fair Tax Act HR 25 in the House and S.122 in the Senate will directly effect your pocket book by increasing your income. Take a look at your latest paycheck, you see Gross Pay and Net Pay, under the Fair Tax Act you will receive Gross Pay. Gross Pay means more money in your pocket. When you take away the imbedded income taxes in everything you buy, prices drop 35% to 39.5%. You will also receive $100 a month. The Economy will jump over 8% and Unemployment will drop to under 4% closer to 2%.
Your home will increase in value too. We need to fund the government so there is a 23% retail sales tax which means prices fall 12% to 16.5%. When you add it all up it is a winfall for the poor.
Call your Representative and your Senators and ask them to cosponsor HR25 in the House and S.122 in the Senate. The best part of the Fair Tax Act is that it repeals the 16th Amendment.
The 16th Amendment authorizes the IRS to tax 100% of your paycheck. There is a lot of money stored overseas to avoid Income Tax and it will all come back home here, and money needs to be invested in business.
When businesses open, they need employees and that means more jobs.
You are likely asking, ‘Why don’t our lawmakers pass this great idea.’ The reason is that the Income Tax gives them power, and they don’t want to lose power to the people.
Learn more at www.fairtax.org and www.fairtax.org/nevada if you live in Nevada.
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15 Responses
Henry, your information is incorrect. I guess if you scream loud enough, maybe it will be true? The fair tax is great and you should learn to read.
ChuckB: You don’t know who Leo Linbeck is? Leo Linbeck is the founder and head of Fair Tax.org. Leo Linbeck with Bob McNair and Jack Trotter are the real people who thought up this so called Fair Tax. Linder is a former Congressman and Woodall is the present Congressman which put HR-25 into writing. Neal Boortz and Linder wrote the Fair Tax book. Boortz was the real writer of the book, Linder just added his name. A tax system written by a radio talk jock. Linbeck, McNair and Trotter are multi-billionaires. It is said that Linbeck was the one behind this so called research. As for information on my part: I would prefer Fair Tax- Wikipedia. The reason: No Political Connections and No Connections to Fair Tax.org. plus other independent sources with no connections.
Sorry, Henry! I can’t help you. You’ve got it all figured out!
ChuckB: It is still Fair Tax.org’s conclusion if this research was done. I wouldn’t trust Leo Linbeck and his people with their conclusion. I looked up Leo Linbeck in the internet. He is quite a character. Texas billionaire and not a nice person. Looking at his life is more like J.R. Ewing of “Dallas”. Leo Linbeck is the founder and head of Fair Tax.org. If I want information on this so called Fair Tax, I will not go to Fair Tax.org. I will go to other sources.
Henry,
Would you go to a Ford dealership to get specs on a Dodge automobile? If you click on the address I gave you yesterday, you will find studies and Whitepapers written when developing HR 25 and S 122. Then, go to http://www.thomas.gov and search for the Bill by one or both of the previous numbers. That Bill was the result of these studies and several years of legislative definition. Rep. John Linder was the first sponsor and Rob Woodall was involved in writing the Bill. Rob is now the sponsor since Linder’s retirement in 2009. It has 63 cosponsors in the House and 7 in the Senate. Who are the Linbeck “people” you’re talking about?
The best way to answer your question is for you to see for yourself. Click on this site:
http://www.fairtax.org/site/PageServer?pagename=view_research
Also, search for FAQ’s on the site.
ChuckB: was this $22 million research ever done or is it Linbeck’s conclusion? These people said that this research was done but do we believe them that this research was done? It is their conclusion. Leo Linbeck and his people are not too trustworthy. These people can put out papers and grafts and have figures that show some type of research but papers can be made to look good. I wouldn’t trust these Fair Tax people with their research.
It’s interesting how a couple of FairTax detractors want you to believe them versus more than $22M of privately funded research, development and implementation studies performed by real economists from several nationally recognized universities across the U.S., not to mention, bankers, businessmen, ex-IRS employees, ad infinitum. Who am I to believe?
Upon enactment, The Fair Tax Act repeals the income tax law that allows the government to tax your production. The IRS is closed within three years, after reconciliation of the last year’s collection of income taxes. All income tax documentation, with the exception to information on Social Security and Medicare eligibility is destroyed.
In parallel, legislation to repeal the 16th Amendment is initiated and must be enacted and ratified within 7-years of enacting the FairTax, or our tax collection system reverts back to tax on income. It is the sincere belief of advocates that once under the FairTax, no one will want to return to the income tax system. See below for the 16th Amendment paragraph from the bill.
H.R.25
Fair Tax Act of 2013 (Introduced in House – IH)
TITLE IV–SUNSET OF SALES TAX IF SIXTEENTH AMENDMENT NOT REPEALED
SEC. 401. ELIMINATION OF SALES TAX IF SIXTEENTH AMENDMENT NOT REPEALED.
If the Sixteenth Amendment to the Constitution of the United States is not repealed before the end of the 7-year period beginning on the date of the enactment of this Act, then all provisions of, and amendments made by, this Act shall not apply to any use or consumption in any year beginning after December 31 of the calendar year in which or with which such period ends, except that the Sales Tax Bureau of the Department of the Treasury shall not be terminated until 6 months after such December 31.
Henry Salo is correct! HR25 does not repeal the 16th Amendment, nor is that Amendment likely to be repealed. All 50 Governors are opposed to any sort of national consumption tax, and the idiotic scheme to have the federal government tax State and Local government consumption will lock in State resistance. Isn’t it time someone asked the State executives just what their position on the Fairtax might be? How about it Robert. Maybe you can do something useful? Inquiring minds want to know.
And, Randy77, removing the embedded taxes might cause costs to drop by 10-12%, but after adding the 30% sales tax, retail prices have to rise by 15-20%. You are going to need that extra take home pay! Check it out.
The reason that HR25 is stalled as usual on the Hill has nothing to do with government power. The simple fact is that the Fairtax has had two hearings in the last 14 years, and the concept fared rather badly both times. In the most recent event,
Bruce Bartlett destroyed the Fairtax advocates, and it is unlikely that the House W&M Committee is going to waste any more time on something that cannot possibly work at the federal level.
Richard Anderson, YOU should read the bill. It shows that I am not lying. The so called Fair Tax Act DOES NOT repeal the 16th Amendment. What it does is eliminate certain tax codes that prevents taxing income. In order to repeal any Constitutional Amendment would require Separate Legislation. That legislation requires 2/3 vote of each House of Congress and 3/4 ratification of the States. What is the matter? You never learned about the Constitution when you were going to school? So much for your stupid comments. You QUIT LYING.
Henry Salo is lying. Read the bill, it does repeal the 16th Amendment, ratified by the States. Take time to read the bill before making stupid comments.
The Fair Tax Act repeals the 16th Amendment? That is a LIE. The so called Fair Tax Act DOES NOT repeal the 16th Amendment. In order to repeal, change any Constitutional Amendment would mean a separate act. It would require 2/3 vote of each House of Congress and 3/4 ratification of the States. What this act does is eliminates some tax codes. Randy77, QUIT LYING.
Thank You
Can you please change one thing? The NEW Senate Bill in the 113th Congress is S122. (It was S13 in the 112th Congress.)
Thanks!!