The average age of kids moving out of home in 2011 was 38 years old. FairTax would fix that too
FairTax fixes:
Quick List of "FairTax Fixes"
• Returns control of the family purse to the family.
• Income tax withholding ended.
• Federal gov't paid, only as families spend and benefit.
• "The rate" is an easily-graspable indicator of fed. costs to families.
• Only those who are genuinely subsistent pay no tax.
• The income tax code is gone.
• Social engineering gone with the tax code.
• Lobbyist numbers shrink by half - no more tax favors.
• FairTax far less prone to corruptible manipulation.
• The wealthy pay their fair share. http://whatyoupayunderfairtax.blogspot.com/
• Taxpayers have "new at retail" purchasing "strike" power to express displeasure.
• Externalizes taxes that are buried in prices - makes true tax load visible.
• FairTax can be jettisoned prior to export, enhancing our exports, and correcting current border problems.
• Trillions of dollars resting off-shore is repatriated.
• The U.S. becomes the global home of business formation, and will set the pace for other nations.
• Prebate replaces bureaucratically code-mediated credits, deductions with cold hard cash against EVERY CITIZEN's basic needs.
• No more income tax returns.
• No more IRS.
• No more threats by IRS (audits, interest, penalties, and worse!)
• Income tax withholding ended.
• Minimizes ability of gov't to compete against private enterprise (non-tax exempt) thereby encouraging "limited gov't."
• Eliminates the current "permission to live" income tax (i.e., tax liability ceases to be incurred by working).
• Purported 4th Amendment violations of income tax system, fixed.
• Purported 5th Amendment violations of income tax system, fixed.
• Purported 1st Amendment violations of income tax system, fixed.
• FairTax clears away the confusion and clutter (and intended Congressional obfuscation) that hampers a clearer focus on Congressional spending because it ends the ability of pitting poor against rich.
The FairTax does not purport to fix Congress's spending problem (that is not its domain); it does, however, remove impediments to focusing on the issue, increases taxpayer's ascension to wealth, and provides options to express their displeasure (other than ceasing to make income).
110827 From: Philip Boniello- Daar, you may want to add that FairTax revenue also comes in from foreign tourism. I don't readily see it in the above reasons.
Origin:
https://www.facebook.com/groups/endclasswarfare/doc/244809798875615/
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