1. This new tax plan was developed not by politicians but by the people of this country.
2. No federal income taxes.
3. No payroll taxes, soc sec and meicare.
4. No self-employment taxes.
5. No capital gains taxes.
6. No gift or estate taxes.
7. No alternative minimum tax.
8. No corporate taxes.
9. No payroll witholding.
10. No taxes on Soc. Sec. or pension benefits.
11. No personal tax forms.
12. No tax record keeping.
13. No personal income tax filing whatsoever.
14. It will not increase price of goods you buy.
15. Every household can buy necessities tax free.
16. It would level the playing field against imports.
17. Freedom from the tyranny of 67,000 pages of statutes and
regulations that are understood by no one.
18. In 2003 Treasury Dept investigators posing as taxpayers
found that 43% of calls received the wrong answers.
19. Corporations collect taxes from you by embedding their tax burden in the price of the goods you buy.
20. It is common for a iberal politician to buy votes with imposing tax on corporations knowing that the conumer pays the tax.
21. Under our "progressive" income tax system, the harder you work the more severe the punishment.
22. In his 1884 Communist Manifesto Karl Marx listed the establishment of a progressive income tax as one of the essentials in the formation of a Communist society.
23. The 3M company is moving most of it's operations to low tax jurisdictions.
24. Luring offshore jobs back to the United States is one of the economic forces driving us toward the fair tax.
25. A Harvard study established that our bcurrent price system is burdened with an average embeded (hidden) tax of 22%.
26. Corporations don't pay taxes, they collect them and the conumer pays.
27. When our country sells it's goods and services into a global economy with a 22% tax component buried in the price people will lookm elsewhere.
28. Fair tax would double the revenuje to soc. sec. and Medicare in less than 20 years by doubling the size of the economy.
29. Today more than 130 nations world wide utilize a VAT tax(sales tax).
30. Prebate (monthly rebate)will vary depending not on income but on size of household. It is designed to "untax" every household up to $25,660 of spending.
31. If you're in this country illegally, no matter how much you earn, no prebate for you and shame on you.
32. The fair tax will put the united States on a level trade playing field with China.
33. It's become clear that we will see a combination of reduced prices and increased paychecks with the fair tax.
34. The chsnge of states revenue is affected by the economic conditions. Sales tax revenues vary from -1% to +9% while income tax revenues vary from -21% to +22% at the same time
34. Non income-tax states have a higher rate of growth in gross state output, personal income, population, jobs and lower unemployment rate than stateswith personal income tax.
35. Disadvantages? it makes politicians less powerful.
35. An hour of work will buy a greater amount of goods after the fair tax is enacted.
36. The economics of the fair tax is that it would drive increased investment creating more jobs.
37. Companies that try to keep the money they save on taxes will be driven out of business by the competition.
37. Investments and interest on savings will not be taxed.
38. When a tax on an upper-income individual causes them to work and save less, the tax burden is shifted to those of lower income.
39. The fair tax is the best opportunity for tax reform and economic growth this country has ever seen.
I report,U decide.
To be continued, 962 to go.
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