Yep. Two birds; one stone. Fair Tax and open trackbacks to this post: link to this post and track back.
Guest post by Terry of The Right Track
There are many reasons to support the FairTax. I managed to do a little research, and found some rather unique points of view that I had not previously considered, and was reminded of some previously-covered ideas that are still worth mentioning.
- For the most part, the FairTax is voluntary. If you want to pay the tax, purchase a new house, car, motor home, etc. If you want to avoid the tax, purchase a used house, car, motor home, etc. The tax only applies to new items.
- No one will ever need to take out a loan to pay taxes, interest, or penalties again, as can all too often happen under our current system.
- Drug dealers and other criminals, as well as anyone else currently paid “under the table”, will pay taxes if they purchase new items. Ever seen a drug dealer driving a used car? Ever seen a pimp shopping at Goodwill? I didn’t think so.
- Lower income families working multiple jobs get a fantastic incentive to work now, knowing that zero Federal taxes will be withheld from their paychecks. Most of the money from the second job can be applied to whatever previously unaffordable luxury they wish — perhaps including, for the first time, a home of their own?
- With the abolition of the death tax, homes, farms, and land which might previously have had to be sold to satisfy the government’s unquenchable thirst for money can now be retained and kept in the family. In cases where the property has been in the family for multiple generations, can you imagine the gratitude of the family?
- Friends and family can now actually help each other out with tax-free assistance, since the gift tax will be abolished.
- Businesses can actually lower their cost of doing business since they won’t be paying the current 7.65% matching FICA tax for each employee.
- It’s even a good deal for the environment — think of all the paper we’ll save by not having to file taxes!
But even with all this, we must remember that the FairTax initiative is a grassroots effort. If your Senator or Representative does not support the FairTax, find out why. Then let them know that you do support it. Make phone calls, write letters. Let your friends and family know the details of the FairTax, and why you believe it is such a good deal for Americans. Only through the diligent and concerned efforts of ordinary citizens will these bills ever make it through to the floors of the House and Senate.
The FairTax Blogburst is jointly produced by Terry of The Right Track Blog and Jonathan of Publius Rendezvous. If you would like to host the weekly postings on your blog, please e-mail Terry or Jonathan. You will be added to our mailing list and blogroll.
TD
This was a crosspost from The Right Track Blog
And don’t neglect these resources:
Zero Income Tax and Zero Payroll Tax
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