Americans For Fair Taxation
 

 

"1913 wasn't a very good year. 1913 gave us the income tax, the 16th amendment and the IRS." - Ron Paul

The Comedy Of Errors - IRS Version

If the stakes were not so darned high, the current shenanigans in Washington around tax reform and the IRS would be downright comical. 

We’ve had acting IRS chief, Danny Werfel, trying his best to assure Congress and the American people that all is well in the land of Oz. Yet, as one political commentator aptly described Werfel, he has only succeeded showcasing his aptitude for “word salad”.

IRS Inspector General Russell George reported that IRS administrators allowed employees to use IRS credit cards (paid for by we the taxpayers) to purchase 28 bottles of wine for a $140 per person dinner, romance novels, diet pills, online pornography, steaks, a smartphone, baby items, popcorn machines, employee prizes including bandanas, stuffed animals, sunglasses and stove pipe hats, nerf footballs, kazoos, bathtub toys and “Thomas the Tank Engine” wristbands!

Meanwhile, we have Senate Finance Committee leaders Max Baucus and Orrin Hath announcing their desire for “blank slate” tax reform

Ways and Means Chairman Dave Camp eagerly responded by saying, “Today’s announcement is welcome news for Americans who deserve a simpler, flatter, fairer tax code that leads to more jobs and higher wages.”

With all due respect to the good Senators and Representatives: I’m not buying it. 

Simply put folks, this is just more smoke, mirrors, illusions and “word salad,” all orchestrated to make you believe that Washington is busy doing something about your tax problem. It’s been said that, “Illusions of grandeur are not the same as visions of greatness.” 

A simpler, flatter or fairer income tax is an illusion. Been there, done that, didn’t work.  If Washington really wants to solve America’s tax problem there is only one solution – eliminate the IRS, abolish the 16th Amendment and enact a vision of greatness, the FairTax® Plan. 

And, there is precedent for making this kind of bold change.

Previously, our nation and elected officials had to admit that, while well-intended, both the 18th and 24th Amendments were abysmal failures. Once acknowledged, both Amendments were rightfully repealed.

100 years of the income tax and the 16th Amendment is enough. It’s time to repeal the 16th.  It’s time for the FairTax.

Until next week,

Cynthia T. Canevaro - Cindy

Cindy Canevaro

Executive Director

The FairTax Impact On Seniors

We often get inquiries from senior citizens asking how the FairTax® plan will affect Social Security and Medicare. Because of this interest, we thought we would address it in today’s FairTax Friday. 

The FairTax does not change the way benefits are paid. The benefit calculation formula (based on individual earnings history) will be the same as it is under current law. 

Under the FairTax, the funding source changes from a narrow, regressive payroll tax paid by current workers to a broad-based, progressive national sales tax. This tax is a faster growing, less volatile revenue source and is paid by hundreds of millions.

Seniors no longer earn wages nor pay payroll taxes; yet individual and corporate income taxes and payroll taxes are still built in the cost of everything you buy, and increase the price of the goods and services you purchase. Under the FairTax, those same prices will almost certainly be reduced because taxes are no longer built into the cost of goods and services. 

Under the FairTax all new goods and services are taxed, including Medicare and supplemental insurance premiums; however the FairTax Prebate makes all spending up to the poverty level tax-free.  

Example: Average Social Security benefits for a retired couple are $22,360 per year. If this couple spends all of their income, their tax would be $5,142.8, however, the FairTax “Prebate” of $440 received on the first of each month would actually pay all of the FairTax. As a result, their net tax would be zero under the FairTax. In addition, to further ensure that seniors’ purchasing power is maintained, the law requires that Social Security cost of living adjustment be adjusted to take into account the FairTax.

In summary, the FairTax benefits seniors in numerous ways. It also ends all tax related record keeping and return filing – no more tax preparation fees. If one still works, no payroll tax on wage earned, no tax when you sell your home and heirs do not pay estate taxes under the FairTax plan. 

Most importantly, the FairTax generates an economic boom ensuring Social Security and Medicare will not go bankrupt – almost a certainty unless something is done soon. Just a 1 to 2 percent increase in our economic growth rate would fully fund these programs, thus securing your retirement and ensuring your grandchildren have the same opportunity that you did.

FairTax Trucker Spotted On The Road

FairTax tanker

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The FairTax Act In The News

'Fair tax' vs. flat income-tax rate debatedTimes Reporter

All of the participants at a town hall meeting Monday agreed that America’s current system of taxation doesn’t work and needs to be scrapped.

Where they differed was on what should replace it.

U.S. Rep. Bill Johnson, R-Marietta, moderated a debate between Steven L. Curtis, an advocate for the “fair tax” — a national sales tax — and Curtis Dubay, who spoke in favor of a flat income-tax rate for all Americans.

About 100 people attended the event, held at the McDonald Marlite Conference Center in New Philadelphia.

Johnson opened the session by declaring that the current tax code is too big, too complex and “too onerous for the American people.” He said he favors abolishing the Internal Revenue Service, adding that if it were replaced, billions of dollars would be saved every year.

Without speaking on behalf of the fair tax or flat tax, Johnson said, “Anything is better than what we’ve got today.”

Curtis, state director for Ohio Fair Tax group, then outlined how the fair tax would work…

IRS used only for political and social control, should be replaced with FairTaxRavalli Republic

Now is the time, more than ever, for us, the people, to act and let our congressperson hear our voice. The Internal Revenue Service’s recent incident is a catalyst that we must use to remove unfair taxes imposed on us, the people. In fact, we should remove the IRS from the tax picture, as it is only used for political and social control.

Tell Congress to remove federal income taxes including personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment and corporate taxes by supporting FairTax bills H.R. 25 and S122. FairTax is the only proposal in the Ways and Means Committee that repeals the 16th Amendment and removes the IRS.

Please contact your representatives, telling them you want the FairTax. For more information, and to check this information out, go to www.fairtax.org, or search for FairTax in your favorite search engine.

- Walter Wesley Snyder V - Pottstown, PA

Link for June 28, 2013

Featured Video:

FairTax senior strategist Denis Calabrese

How will the FairTax impact seniors?

 Ways to Engage:

- Contact Congress

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FairTax Fact:

The FairTax ends the IRS, our incomprehensible tax code and income tax returns! 

Featured Paper:

Good for taxpayers, businesses, economy

The FairTax Benefits Seniors

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