Wednesday, April 16, 2008

Tax Season Keeps on Going




Well, the tax filing deadline has passed and, I am sure, most Americans have finished their taxes for another year. In reality, though, tax season is never over. Already you have made either payroll deductions or estimations for the current year. Already our governments are holding our money hostage until we can wade through the complex of regulations that will allow us to potentially free some of it. The paperwork & IRS instruction hassles are increasingly ridiculous.

This is why I have become more & more attracted to the grassroots, non-partisan Americans for Fair Tax movement. If you have never heard of the Fair Tax, or want to learn more about it, a wealth of information is available at http://www.fairtax.org/.

When I first heard of the Fair Tax plan, I was not in favor of it. It is, simplistically stated, a national sales tax. Who wants that? But before jumping to uninformed conclusions, give it a fair hearing. Take the time to be informed about its benefits. The website is full of research. I believe that the Fair Tax proposal is the most well-researched tax reform proposal around.

Here are some highlights of the proposal directly from the website: “The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement, and, through companion legislation, the repeal of the 16th Amendment. This nonpartisan legislation (HR 25) abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities. The IRS is disbanded and defunded. The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.”

If the Fair Tax proposal interests you, learn more about it at http://www.fairtax.org/.

4 comments:

Malott said...

I love this idea.

I love it that Illegals would be paying for the school systems they use and the roads they drive on.

I love it that criminals would be paying taxes every time they made a purchase.

ChuckL said...

You're exactly right. Not that illegal immigrants and other criminals should not still be pursued, caught, and prosecuted, but at least they will be having to contribute to the general well-being - including the financing of some of their jail time - until such time as they are caught. In the meantime, we can only dream, although the fair tax populism continues to pick up momentum. - Chuck

SkyePuppy said...

Fabulous cartoon!

The concern I have is that politicians remain in charge, and they can't resist doing what they shouldn't. So my fear is that they'll go with the Fair Tax and then start messing with it by adding back in all the taxes they eliminated.

ChuckL said...

Skyepuppy, Sorry to take so long to thank you for your comment. I've been a slug lately. But what's new?

I agree with your observation. The advantage that the Fair Tax has over the current scheme is that changes are more transparent. I am sure that it is unrealistic to believe that then citizens could more easily hold the politicians accountable, but that is one of the Fair Tax positive points.