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
- Why LDS Church's anti-discrimination stance...
- What one word best describes Barack Obama?
- In our opinion: Fix, don't repeal, Affordable...
- What The New York Times gets wrong about...
- Michael Gerson: America has enough problems...
- W. Bradford Wilcox: Yes, women and children...
- 18 of the most heart warming and feel-good...
- Letter: Antelope Island prison
- What The New York Times gets wrong... 82
- In our opinion: Fix, don't repeal,... 71
- Michael and Jenet Erickson: Utah... 50
- In our opinion: It's time to end the... 42
- Mike Lee: Tax reform shouldn't penalize... 38
- In our opinion: Fairness for all in... 37
- Jay Evensen: Will Obama visit Utah? Do... 37
- In our opinion: It's time for Utah to... 27