The Fair Tax Plan

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Recommended: Repealing the Sixteenth Amendment and its implications

Would you like to have more money in your pocket? Most people believe that there will be more money in the packet if the worker’s paycheck is larger. Some people believe the solution is found in regulating the minimum wages paid to employees. There is a good reason you are earning more money, spending more money, but retaining less for personal use. There have been eleven recessions since the decade of the Great Depression beginning in 1929. We must do something about this national financial problem before it becomes a crisis. We may not recover from the next recession. This essay describes the attributes of the “Fair Tax” system, which many informed analysts will be in the best interest of the government of this country, and the people , who live here, especially you and your family. In this essay you will discover how we can alleviate the country’s major issues in financial management, enhance enforcement of immigration laws and improve the financial support of our education system. All this is proposed with change to just one government agency.
First, let’s define this proposal. The Fair Tax is a comprehensive proposal that replaces all federal income and payroll base taxes with an integrated three-fold approach: (1) a progressive national retail sales tax, (2) a “prebate” to ensure no American pays federal taxes on spending up to the poverty level, and (3) the repeal of the 16th Amendment (our current tax amendment). This proposal abolishes all federal personal and corporate income taxes, gifts, estate, capital gains, Social Security, Medicare, and self-employment taxes and replaces them with one simple federal retail sales tax that will be administered primarily by existing state sales tax authorities. The Internal Revenu...

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...g the deficit. As you can see, it would also cause our immigration problem to either go away or make it harder for employers to employ undocumented workers. It could even make illegals leave the country all together. This great tax proposal would make our education system stronger and the future of our youth stronger. So when is this tax proposal going to make it to the congressional floor? Well, to answer that, maybe never or maybe when our representatives’ congress gets out of the old way of thinking and are open to trying new things. Maybe or maybe it is when it does not hurt their wallets as much. Maybe it is when we the people of the United States of America stand up and say with a united voice, it is time for a change, because we are tired of having a recession every ten years or less. What do you think? Here is the real question: What will you do about it?

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