Leo Linbeck, Jr. Passed away 6/8/13. We must not let Fair Tax die with him. It makes too much sense to get through Congress without pressure from us. It will take a grass roots effort of tremendous proportion on each Congress person to get them interested. It might be a winning plank in the platform of a candidate in the next Presidential election if we yell loud enough.
I am for a flat tax (not fair tax) flat tax NO EXEMPTIONS for no one at no time. If your co has a business meeting in Vegas just pay the bill or stay home. If you buy 10 jets just pay the tax and go all you want.
If you are going to start rebait tax and exemptions may leave what we have. The flat tax is added in now at the cash register for employee - fed - state -local and all other, but the big boys get their loophole and write off.
doely_1: I don't think you understand "flat tax". Flat tax is assessed on income at the same rate for all. The cash register has nothing to do with it. It has nothing to do with how many jets you buy. The problem with the flat tax is that it still requires everyone to file an income tax return. The Fair Tax does away with the expense of the IRS and piggybacks the collection of tax on the sales tax system that most states already have.
I've mentioned many times to people to read the tax system in the OT. What is called the "tithe" was actually a tax. The Levites were civil servants. A very few were in the temple. Little of the tithe actually went for religious purposes. The tax was based on "increase". Very similar to a capital gains tax. It had an odd variable nature from year to year but came to about 13% of "increase."
Leo Linbeck supported a national sales tax, not a flat tax. Since wealthy people tend to save more of their income than poor people this shifts the burden of taxation to the poor. It is hardly what most people consider fair.
Now, as the population gets older and fewer people are earning an income, it may be possible to use a sales tax to recoup the taxes boomers failed to pay during their lifetimes, and use it to pay for the debt they accrued and the benefits they voted for themselves.