Federal income taxes
By Amerigo M Cimino
September 09, 2015
That old phrase; "Seeing is believing", is certainly outmoded, and most commercials have doctored pictures!
Just imagine what the Fair Tax would do: First; it eliminates the Income Tax Code; AND, Eliminates ALL other Federal Taxes.
"Other"; Federal taxes include the "embedded taxes"! In studies of our Federal Taxing; embedded taxes, amount to 22%, of the costs of EVERYTHING! Consider the elimination of these Embedded Taxes; (22%),and then invoke the Fair Tax; (23%), There would be no appreciable increase in the cost of anything; Save for about 1%, under the present costs of all products.
Also imagine the number of Federal "Tax-Collectors"; that would be eliminated! The Fair Tax will be collected AND reported by Retailers; at no cost to the tax-payer! Federal Government "TAX-COLLECTORS" are also paid with tax dollars! The elimination of those jobs, will also save tax-payers, many dollars.
There will be NO withholding from a wage-earners pay-check; If a wage-earner's salary is $400.00 a week; their pay-check, will reflect $400.00, period. NO more "W-2's", NO more "1040's", and NO more April 15th, deadline, to "file" a tax return!
GOD Bless America!!
Amerigo M Cimino
About: "A 91 year old. veteran of WW II; I am retired and spend all my time doing charitable services, I belong to several service organizations. I still drive my vehicles, and not afraid of the dark!"
Received August 29, 2015 - Published September 09, 2015
Viewpoints - Opinion Letters:
Representations of fact and opinions in letters are solely those of the author.
E-mail your letters
& opinions to email@example.com
Published letters become the property of SitNews.