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Text 788, 56 rader
Skriven 2006-05-31 12:36:38 av John Massey (1:123/789.0)
    Kommentar till text 787 av BOB KLAHN (1:123/140)
Ärende: Fairtax part 2
======================
Since you claim that Fairtax.org didn't respond directly to your favorite
flat tax plan here are some basic issues that makes all flat tax plans
inferior to the Fair Tax

1. In 1986 the Congress reformed our tax code to essentially give us a flat
tax ... a flat tax with two rates.  Fifteen and twenty-eight percent.  Most
deductions were eliminated.  Today's tax code is the result of that effort.
The 1986 tax reform has been amended over 10,000 times

2. A flat tax leaves the IRS in place.  You'll still have to report your
income to the IRS every year, and you'll still be subject to audits.

3. Social Security and Medicare payroll taxes?  Still there.

4. Do you get 100% of your paycheck?  No.  Withholding will still be there.

5 Business taxes?  Still there .. and they'll remain embedded in the price
of every good and service you buy, so you'll be paying them.

6 Corporate board meetings?  They'll still spend an inordinate amount of
time working on the tax implications of business decisions, rather than just
basing their business moves on what's best for their customers and
shareholders.

7. K Street lobbyists?  They're still there too.  They'll still be drawing
their six-figure incomes while they game the new flat-tax for the benefit of
their clients.

8. Bring American businesses back home?  Nope.  Business taxes are still
there, so American  businesses will still locate their operations overseas
in order to escape our punishing business income taxes.


9. Death Tax?  Gift Tax?  Still there in all the flat tax proposals I've
seen.

10. Will the flat tax bring American wealth back home?  The latest estimates
put $10 trillion of American wealth in offshore financial corporations.
There is only one reason that money isn't back here working ... and that's
our income tax structure.  Will the flat tax bring that money back home?
Nope.  The FairTax?  Yup.

11. What about the poor?  They're not paying income taxes now ... will they
pay the flat tax?  No way!  But politicians will still be looking for a way
to raise taxes on the rich so that they can relieve the poor, poor pitiful
poor of the responsibility for paying for their own Social Security and
Medicare.

12. Will all Americans be able to buy the basic necessities of life without
any federal tax consequences under the flat tax?  No.  The FairTax?  Yes.

13. Will foreign visitors to our shores contribute to our Social Security
and Medicare programs under the flat tax?  No.  The FairTax?  Yes.

--- Microsoft Outlook Express 6.00.2800.1409
 * Origin:  (1:123/789.0)