SitNews - Stories in the News - Ketchikan, Alaska

Viewpoints: Letters / Opinions

Pass FairTaxHR25
By Beverly Martin

 

March 21, 2013
Thursday PM


Keeping a flat tax flat is like eating chocolates – you can’t stop with just one. Income tax started as a flat tax but legislators can’t keep their hands off your goodies. The more chocolates you make, the more they take.

FairTaxHR25, a healthier  jumpstart of economy, is a single-sales tax on purchases of new goods and services. No tax on business activities, income, inheritance, gifts, or used goods. No IRS. A prebate allows tax-free spending until you spend more than the poverty level of spending for your size family.

The Tax Foundation says we spend $350-$400Billion annually to fill out forms. Small businesses pay $724 figuring how to remit each $100 of taxes owed. Income tax drives $15-20Trillion offshore. $350Billion tax gap is owed but not paid when tax returns are submitted. Only 72-75% of taxes owed are collected. Although, the IRS will collect $2.3Trillion in revenue this year, FairTaxHR25 would have collected 10% more!

Pass FairTaxHR25. During the first year, the GrossNationalProduct increases 10.6%, exports increase 26% and capital investment rises 70%.
Facts are from Senator Linder’s (the bill’s original sponsor) presentation at Hillsdale College: http://www.youtube.com/watch?v=6szslYYlRr8

Learn about FairTaxHR25 at www.fairtax.org .

Call your representative. Demand they cosponsor FairTaxHR25.

Beverly Martin
Bev4FairTax [at] gmail.com
Fulton, MO

Received March 20, 2013 - Published March 21, 2013

 

Viewpoints - Opinion Letters:

letter Webmail Your Opinion Letter to the Editor

 

 

Representations of fact and opinions in letters are solely those of the author.
The opinions of the author do not represent the opinions of Sitnews.

 

E-mail your letters & opinions to editor@sitnews.us
Your full name, city and state are required for letter publication.

SitNews ©2013
Stories In The News
Ketchikan, Alaska