Recent news regarding the IRS targeting certain political groups and their members for harassment via tax-exempt applications and tax return audits provides further reason why we the people should vote to disband the IRS. Legislation in the form of HR25 and S122, titled The Fair Tax Act, does just that and awaits hearings in the U.S. House of Representative's Ways and Means Committee and the U.S. Senate's Finance Committee respectively.
The Fair Tax eliminates the IRS, all income taxes, the Social Security payroll tax, corporation taxes, estate taxes and taxes on interest, dividends and capital gains and Medicare premiums. All of these are replaced by a tax on consumption, configured in such a way as to provide relief for low-income families and to progressively increase the amount of taxes paid as spending above the poverty level increases. It enlarges the tax base so that current taxpayers will pay less taxes on average, rewards saving and investments, and stimulates the economy by encouraging businesses to remain in America.
Patrick R. Burkett
- Richard Davis: Can a Mormon not be a liberal?
- Jay Evensen: We're becoming a nation that...
- In our opinion: Utah gun law that canceled...
- Anne Loeser: Reverse trends about breast cancer
- In our opinion: Dropouts face high risk of...
- My view: New treatment can cure Hepatitis C
- Letter: The Romneys' new center
- Letter: Lessons for Greg Bell
- In our opinion: Utah gun law that... 150
- Richard Davis: Can a Mormon not be a... 69
- In our opinion: Where has the family... 53
- Jay Evensen: We're becoming a nation... 38
- Letter: What is ‘common good?’ 31
- Robert Bennett: Former Defense... 29
- Letter: Lessons for Greg Bell 28
- Letter: Uninformed candidate 27