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H.R. 25, The Fair Tax Act of 2013 (8 comments ↓)
H.R. 25 would promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
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Visitor Comments
Mark Crane
January 10, 2013, 9:14pm (report abuse)The main feature not mentioned in the article is the removal of the capital gains and corporate taxes. This would result in TRILLIONS of US owned dollars coming back to America from off-shore acounts. No need to borrow from China.
fen6803@juno.com
January 10, 2013, 11:56pm (report abuse)I agree tax reform is needed but how would this be fair? If one person makes $40k a year and has to spend most/all of it for living, he'll be taxed on 100% of his income while a person who makes $10 million would not need to (and probably wouldn’t) spend it all so he would only be taxed on a smaller percentage of his income.
VOTE NO!
January 11, 2013, 1:31am (report abuse)This bill is only going to benefit the rich. All the rest of us will pay more and more taxes just so the rich fat-cats can put more and more in their pockets.
If it wasn't going to do that you can bet the rich guys wouldn't be paying for it. They don't give a damn about the rest of us.
VOTE NO!
Daniel Dyer
January 11, 2013, 10:14am (report abuse)My new video, "It's not the rich who need the FairTax, it's you." gives 63 reasons for the FairTax. Go to youtube.com and search dandyer4.
Myron Peebles
January 11, 2013, 11:15am (report abuse)This is the perfect Tax System -to eliminate the class warfare arguments once and for all. However, instead of setting up another bureaucracy to mail out "prebate" checks to reimburse for necessities, just exempt the tax from these basic items. Taxing our Corporations actually ends up as a hidden cost increase on the consumer. Illicit incomes and foreign visitor expenditures would become taxable under the Fair Tax and our US Companies would become ever more competitive in the world market.
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January 13, 2013, 11:17pm (report abuse)And now you see the fat-cats crying about having to pay more. See what happens when you make them pay? They start to whine about how it is all unfair.
If you check on those who are behind the "fair-tax" movement you will find a bunch of rich folks trying to get out of paying.
This bill is only going to benefit the rich. All the rest of us will pay more and more taxes just so the rich fat-cats can put more and more in their pockets.
If it wasn't going to do that you can bet the rich guys wouldn't be pushing for it. They don't give a damn about the rest of us.
VOTE NO!
John Lange
January 29, 2013, 11:38am (report abuse)The Fair Tax stops all the political game playing with the tax code-it is fair as the prebate covers the tax up to the poverty level-and it is a replacement embeded tax replacing what is already in the price of an item.You pay it now plus the income,estate,fica and all the others-you just don't understand the current game-you think you are soaking big business and the rich but it all comes back to you when you buy at retail so they get you both ways-the Fair Tax stops all of that. The Fair Tax is pushed by a lot of little people who have studied it and understand it-who realize we waste billions of hour and dollars on the current system .
VOTE NO!
January 29, 2013, 12:54pm (report abuse)This bill is only going to benefit the rich. All the rest of us will pay more and more taxes just so the rich fat-cats can put more and more in their pockets.
If it wasn't going to do that you can bet the rich guys wouldn't be paying for it. They don't give a damn about the rest of us.
And you can bet that all those claiming to be "little people" here are either liars or shills. Either way they are just trying to convince the folks who don't have a lot that it is okay for us to pay for the rich guys.
VOTE NO!