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: The 3 levels of Christmas
- W. Bradford Wilcox: Why the working-class...
- John Florez: Utah's prison relocation is like...
- Frank Pignanelli & LaVarr Webb: Cogitating on...
- Carmen Rasmusen Herbert: New Christmas...
- Drew Clark: The right to be forgiven, not...
- About Utah: They're best in the world
- My view: We deserve better than current...
- Letter: Patriots or sheep? 63
- Greg Bell: Socialism vs. the safety net 48
- Susan Roylance: Definition of the... 37
- My view: Chaffetz named... 34
- Jay Evensen: Cuba not likely to change... 34
- My view: Torture, morality and the laws... 30
- Jay Evensen: Should Utah raise its gas... 28
- Letter: Police not the problem 24