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There is nothing stopping Congress from reimposing the income tax immediately. Then we would be stuck with both.
There is no way the American people would accept that. Congress would be immediately booted out of office at the next election.
That possibility simply isn't acceptable
The possibility simply is fantastically remote.
Then we would be stuck with both. That possibility simply isn't acceptable
Nope.There is nothing stopping Congress from reimposing the income tax immediately. Then we would be stuck with both.
There is no way the American people would accept that. Congress would be immediately booted out of office at the next election.
That possibility simply isn't acceptable
The possibility simply is fantastically remote.
The possibility that Congress would re-implement an income tax is remote? I guarantee you it would happen the minute Democrats were in the majority. It might even happen without that circumstance.
There is nothing in H.R. 25 to withdraw from Congress' power the power to lay and collect taxes calculated from lawfully earned "incomes". Stop posting propaganda! Make references to the actually wording contained in H.R. 25, and then we can discuss it in an intelligent manner.
JWK
Text - H.R.25 - 114th Congress 2015-2016 FairTax Act of 2015 Congress.gov Library of Congress
SEC. 101. INCOME TAXES REPEALED.
Subtitle A of the Internal Revenue Code of 1986 (relating to income taxes and self-employment taxes) is repealed.
Section 101 of the Fair Tax takes the government's ability to tax incomes away. Section 102 repeals payroll taxes.
Then we would be stuck with both. That possibility simply isn't acceptableNope.There is nothing stopping Congress from reimposing the income tax immediately. Then we would be stuck with both.
There is no way the American people would accept that. Congress would be immediately booted out of office at the next election.
That possibility simply isn't acceptable
The possibility simply is fantastically remote.
The possibility that Congress would re-implement an income tax is remote? I guarantee you it would happen the minute Democrats were in the majority. It might even happen without that circumstance.
The American people would not tolerate the current tax system being reinstated on top of the Fair Tax. They would overwhelmingly rise up and boot out the entire Congress.
And that is why no Congress, Republican or Democratic, would ever do that.
Section 101 takes the government's ability to tax incomes away. Section 102 repeals payroll taxes.
It doesn't repeal the 16th Amendment. Congress could reimpose the income the minute this bill passed.
There is nothing stopping Congress from reimposing the income tax immediately. Then we would be stuck with both.
There is no way the American people would accept that. Congress would be immediately booted out of office at the next election.
That possibility simply isn't acceptable
The possibility simply is fantastically remote.
You apparently know NOTHING about the Fair Tax and I will not waste my time educating you. Buy the book or read the proposed bill and you will see how wrong you are.
So tell us your effective federal tax rate for 2014, and what your effective rate will be under the 'fair tax.'
Buy the book on Fair Tax. My tax rate is none of your business.
Rub the "book" on your chest! The “book” is a misrepresentation of the “fairtax” [H.R. 25] and nothing more than propaganda! THE "FAIRTAX" DOES NOT END TAXES CALUCLATED FROM LAWFULLY EARNED INCOMES!
JWK
To support Jeb Bush is to support a continuance of Obama's illegal immigration tyranny!
"The Fair Tax Act is designed to replace all federal income taxes(including the alternative minimum tax,corporate income taxes, and capital gains taxes),payroll taxes(includingSocial Security and Medicare taxes),gift taxes, and estate taxes with a national retail sales taxon new goods and services. The legislation would remove the Internal Revenue Service(after three years), and establish an Excise Tax Bureau and a Sales Tax Bureau in the Department of the Treasury.
A study by Kotlikoff and Sabine Jokisch concluded that the long-term effects of the FairTax would reward low-income households with 26.3% more purchasing power, middle-income households with 12.4% more purchasing power, and high-income households with 5% more purchasing power."
If that study is correct, it does make me more interested in the Fair Tax Act.
.
I happen to be a firm believer in requiring our federal government to balance the budget on an annual basis. To not do so opens the door to accumulating a massive federal debt, as has happened, depriving our nation’s younger generation of their economic liberty in that they are now in debt to the tune of $127 Trillion! See You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion
My personal choice for a balanced budget amendment is following what our Founders intended, and is reflected in the FAIR SHARE BALANCED BUDGET AMENDMENT which follows.
The Fair Share Balanced Budget Amendment
“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.
NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!
"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."
NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.
"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."
NOTE: our founder’s fair share formula to extinguish an annual deficit would be:
States’ population
---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE
Total U.S. Population
The above formula, as intended by our founding fathers, is to insure that those states who contribute the lion’s share of the tax are guaranteed a representation in Congress proportionately equal to their contribution, i.e., representation with proportional financial obligation!
Note also that each State’s number or Representatives, under our Constitution is determined by the rule of apportionment:
State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.
"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."
NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.
"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.
JWK
“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
Not just no, but HELL NO!
We do not live in the 18th Century, no matter how the reactionary right spins the issues, the world is a much different place than it was 200 + years ago.
Right, now the politicians can spend us into bankruptcy. There is no effective constraint on their larceny. That would have been unthinkable in the 18th century.
Blame the problem on Bush/Cheney who cut taxes and engaged in a long and unnecessary war of choice. Then and only then can we have a real debate on reform. Your idea of reform is to cut benefits to the needy, raise their taxes too, and give corporations and the very wealthy more and more and more.
You're a fool, and fools are necessary for the power elite to keep and gain power.
I'm not interested in responding to any knee-jerk liberal attempts to blame the debt on Republicans.
I'm not interested in responding to any knee-jerk liberal attempts to blame the debt on Republicans.
Me, neither.
Nor am I interested in responding to knee-jerk conservative attempts to blame the debt on Democrats.
The debt was a bi-partisan team effort. Your anus has been getting tag teamed by both parties.
Whatever party you belong to, your party put a blindfold on you while they took their turn ass-raping you.
Democrats are responsible since almost all the spending goes to Democrat created social programs and Democrats fight tooth and nail to prevent any cuts in the budget.
So tell us your effective federal tax rate for 2014, and what your effective rate will be under the 'fair tax.'
Buy the book on Fair Tax. My tax rate is none of your business.
Rub the "book" on your chest! The “book” is a misrepresentation of the “fairtax” [H.R. 25] and nothing more than propaganda! THE "FAIRTAX" DOES NOT END TAXES CALUCLATED FROM LAWFULLY EARNED INCOMES!
JWK
To support Jeb Bush is to support a continuance of Obama's illegal immigration tyranny!
"The Fair Tax Act is designed to replace all federal income taxes(including the alternative minimum tax,corporate income taxes, and capital gains taxes),payroll taxes(includingSocial Security and Medicare taxes),gift taxes, and estate taxes with a national retail sales taxon new goods and services. The legislation would remove the Internal Revenue Service(after three years), and establish an Excise Tax Bureau and a Sales Tax Bureau in the Department of the Treasury.
A study by Kotlikoff and Sabine Jokisch concluded that the long-term effects of the FairTax would reward low-income households with 26.3% more purchasing power, middle-income households with 12.4% more purchasing power, and high-income households with 5% more purchasing power."
If that study is correct, it does make me more interested in the Fair Tax Act.
I got the study from a website and did not check to see if it was accurate. I suspect those that favor the Fair Tax will use favorable numbers and those that oppose it will use unfavorable numbers.
I'm not interested in responding to any knee-jerk liberal attempts to blame the debt on Republicans.
Me, neither.
Nor am I interested in responding to knee-jerk conservative attempts to blame the debt on Democrats.
The debt was a bi-partisan team effort. Your anus has been getting tag teamed by both parties.
Whatever party you belong to, your party put a blindfold on you while they took their turn ass-raping you.
Democrats are responsible since almost all the spending goes to Democrat created social programs and Democrats fight tooth and nail to prevent any cuts in the budget.
Only fools fail to take into consideration the cost benefits and cost deficits in past Federal Budgets.
.
I happen to be a firm believer in requiring our federal government to balance the budget on an annual basis. To not do so opens the door to accumulating a massive federal debt, as has happened, depriving our nation’s younger generation of their economic liberty in that they are now in debt to the tune of $127 Trillion! See You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion
My personal choice for a balanced budget amendment is following what our Founders intended, and is reflected in the FAIR SHARE BALANCED BUDGET AMENDMENT which follows.
The Fair Share Balanced Budget Amendment
“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.
NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!
"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."
NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.
"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."
NOTE: our founder’s fair share formula to extinguish an annual deficit would be:
States’ population
---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE
Total U.S. Population
The above formula, as intended by our founding fathers, is to insure that those states who contribute the lion’s share of the tax are guaranteed a representation in Congress proportionately equal to their contribution, i.e., representation with proportional financial obligation!
Note also that each State’s number or Representatives, under our Constitution is determined by the rule of apportionment:
State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.
"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."
NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.
"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.
JWK
“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
Not just no, but HELL NO!
We do not live in the 18th Century, no matter how the reactionary right spins the issues, the world is a much different place than it was 200 + years ago.
Right, now the politicians can spend us into bankruptcy. There is no effective constraint on their larceny. That would have been unthinkable in the 18th century.
Blame the problem on Bush/Cheney who cut taxes and engaged in a long and unnecessary war of choice. Then and only then can we have a real debate on reform. Your idea of reform is to cut benefits to the needy, raise their taxes too, and give corporations and the very wealthy more and more and more.
You're a fool, and fools are necessary for the power elite to keep and gain power.
I'm not interested in responding to any knee-jerk liberal attempts to blame the debt on Republicans.
The debt is the responsibility of both the D's and R's, that's obvious. Any person who attempts to recapitulate the phrase, "tax and spend Democrats" either slept through the past three and one half decades or is a liar.
A prebate attempts to offset the regressive nature of a sales tax. The Fair Tax is a sales tax in a fancy dress.My first reaction is to assume that the Fair Tax - being essentially a sales tax - would place a bigger burden on lower income folks. G5000 previously mentioned "pre-bates" that apparently address this - so maybe this is something worth taking a closer look at. Just MHO.
A completely bogus statement.Democrats are responsible since almost all the spending goes to Democrat created social programs and Democrats fight tooth and nail to prevent any cuts in the budget.
