March 17, 2013

Quick List of "FairTax Fixes"...lowers Child age out of home

The average age of kids moving out of home in 2011 was 38 years old. FairTax would fix that too

FairTax fixes:

Quick List of "FairTax Fixes"

Working together, as Democrats, Republicans, Independents, we can fix America's tax system. Here are some of the "fixes" we can expect by passing the FairTax Act:

• Returns control of the family purse to the family.
• Income tax withholding ended.
• Federal gov't paid, only as families spend and benefit.
• "The rate" is an easily-graspable indicator of fed. costs to families.
• Only those who are genuinely subsistent pay no tax.
• The income tax code is gone.
• Social engineering gone with the tax code.
• Lobbyist numbers shrink by half - no more tax favors.
• FairTax far less prone to corruptible manipulation.
• The wealthy pay their fair share.
• Taxpayers have "new at retail" purchasing "strike" power to express displeasure.
• Externalizes taxes that are buried in prices - makes true tax load visible.
• FairTax can be jettisoned prior to export, enhancing our exports, and correcting current border problems.
• Trillions of dollars resting off-shore is repatriated.
• The U.S. becomes the global home of business formation, and will set the pace for other nations.
• Prebate replaces bureaucratically code-mediated credits, deductions with cold hard cash against EVERY CITIZEN's basic needs.
• No more income tax returns.
• No more IRS.
• No more threats by IRS (audits, interest, penalties, and worse!)
• Income tax withholding ended.
• Minimizes ability of gov't to compete against private enterprise (non-tax exempt) thereby encouraging "limited gov't."
• Eliminates the current "permission to live" income tax (i.e., tax liability ceases to be incurred by working).
• Purported 4th Amendment violations of income tax system, fixed.
• Purported 5th Amendment violations of income tax system, fixed.
• Purported 1st Amendment violations of income tax system, fixed.
• FairTax clears away the confusion and clutter (and intended Congressional obfuscation) that hampers a clearer focus on Congressional spending because it ends the ability of pitting poor against rich.

The FairTax does not purport to fix Congress's spending problem (that is not its domain); it does, however, remove impediments to focusing on the issue, increases taxpayer's ascension to wealth, and provides options to express their displeasure (other than ceasing to make income).

110827 From: Philip Boniello- Daar, you may want to add that FairTax revenue also comes in from foreign tourism. I don't readily see it in the above reasons. Origin: