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
- Kathleen Parker: The GOP's toxic messaging
- In our opinion: U.S. schools still separate...
- George F. Will: Why Iran should be contained
- Nelson Mandela left legacy of freedom and faith
- In our opinion: Letting Afghanistan revert to...
- Richard Davis: Don't turn A.G. into an...
- About Utah: His business is fun, games and...
- In our opinion: U.S. schools still... 43
- Robert J. Samuelson: Economics lacks... 40
- Kathleen Parker: The GOP's toxic messaging 40
- Charles Krauthammer: The real problem... 37
- Letter: Preventative care 29
- Robert Bennett: 'Nuclear option' ends... 27
- In our opinion: Pioneer Park progress... 16
- About Utah: His business is fun, games... 15