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Archive for 'Fair Tax' Category

Defense of the Fair Tax, By Professor of Economics, Boston University, Laurence J. Kotlikoff

We desperately need an efficient, transparent, and equitable tax system that has the potential to raise, over time, significantly more revenue than would otherwise be the case and that contributes to limiting spending by making crystal clear who pays for what the government spends.
Who pays for what, what a concept!
Full article here. This is […]

Abolish the Incomes Taxes (IV): The Fair Tax

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality.
The income tax is holding us back and making […]

Abolish the Income Taxes: Privacy (III)

Our privacy especially our financial records are being breached and given out to Eastern European Mafias at an ever increasing rate.
One of the largest sources of financial data to the Eastern Mafias is our Government. Having been forced to reveal our most intimate financial details to assure our public_servants that we are indeed paying […]

Abolish the Federal Income Tax and stop class warfare (II)

What passes for debate on Taxes nowadays quickly descends into an argument on “if the rich are paying their fair share”, or “should we raise the taxes on those who can afford it the most”.
This is a diversion tactic to take our limited attention spans away from what should be the true debate, on the […]

Two reasons to abolish the Federal Income Tax (I)

First, it is being used as a weapon of class warfare. More on that later. Second, it is an incredibly in-efficient and complex way to raise money.
The Director of the Congressional Budget Office believes that it costs American businesses somewhere between $400 and $500 billion a year to file tax returns. That does […]