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
- In our opinion: Perry indictment a concern
- Carmen Rasmusen Herbert: Families battling...
- Join the discussion: Is Rick Perry's...
- A. Scott Anderson: The world needs America to...
- Everything you need to know about the...
- Republicans and Democrats agree, in part, on...
- Scandals hiding in plain sight
- Mary Barker: The real 'Hunger Games' —...
- Mary Barker: The real 'Hunger Games'... 82
- In our opinion: Perry indictment a concern 56
- Letter: Utah's birthright 49
- Letter: Irreparable damage 49
- In our opinion: Avoid blurring the line... 46
- Join the discussion: Why is young adult... 42
- Michael Gerson: Rand Paul's bogus outreach 37
- Letter: Protected lands 36