Bob Barr '08

Bob Barr '08

Monday, May 12, 2008

Fairtax

I have seen the Fair Tax Plan mentioned by a few candidates. Hardly any endorse it. I think the underlying reason for this is because it promotes less government and taxes everyone equally. The Democrats and most Republicans do not like this as it will be a tax break for people that work hard and save their money. They also do not like the idea of less government. They prefer bigger government, more spending, and higher taxes. Most of the poor on up through the middle class spend all of their money on unneeded things like electronics, high performance car parts, etc. A lot of the taxes are taken from the middle class all the way up to the upper class. The money the poor get back from EIC (Earned Income Credit), tax breaks, etc, is taken from these higher wage earners. This would make the poor pay their share as it is a sales tax on new goods and services rather than everything. I must say I like the idea of getting my full paycheck rather than loosing 23% of it before I even get it. Not to mention the sales tax I have to pay on everything I buy, 7% on the dollar. That equals 30%, and that's just off a standard paycheck if I have no overtime. It increases if I work more than my normal 40 hours a week. It would be nice being able to save money without being punished every year for it. It would also be nice to be able to spend at the minimum 2% less than what I do now if I bought something new. Currently the tax code taxes everything, and if it is sold twice it is taxed twice. That is asinine, how can you justify taxing something more than once? This is the reason we need to repeal the 16th amendment and enact the Fair Tax Plan. If you want to know more about the Fair Tax Plan visit: Fairtax.org

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