FairTax System Benefits and Growth
To put it into plain and basic terms; the FairTax is FAIR! It eliminates multi-millions of hours and dollars to compile and file insanely complicated tax forms for both taxpayers and for government collection agencies! Yet, at the same time it greatly increases the economic base - expands production, expands the the work force, expands business growth, increases income at all levels while reducing the cost of goods to the consumer which wii stimulate more purchasing and greatly increase the Federal Income at a very small comparative cost of collecting taxes ( about 90% less costly and mor efficient). In addition to having business of all types stay home instead of seeking tax havens off shore, plus it will encourage foreign investment further increasing the GDP and continual innovation and lower prices. The political lobbying and power mongers will no longer benefit from the current evil and corrupt wealth transfer system. If you are so uniformed and do not understand this simple and efficient concept, then you need to do some research or get help from a reliable and honest source - certainly not from any politicians or income tax agents. Another major benefit is a return to honest politics and Main Street enterprise, family farms, true competition instead of monopolistic giant corporations.
The biggest fraud and liar to ever gain the Presidency, Barry Sortero, aka Barrack Obama, statement about FairTax is totally opposite of the truth. "President Obama replied in a letter to advocates of this proposal that a consumption tax of this size would be extremely difficult to collect, would lead to pervasive tax evasion.[5][7] and raise less revenue than the current tax system, leading to an increased budget deficit."
The FairTax; Keep what you earn, win, inherit or profit from - PAY when you Spend, only then! Those who spend the most, pay the most, in either case there is no forms or record keeping by the spender, payment of the tax is passive, over and done. Recording and paying the tax collected is done by the retail business, which is again easy and simple requiring no endless forms and special efforts - streamlined and easily tracked!
This quick and seamless method saves a great amount of expense for all business from raw materials, suppliers, manufactures, middleman and promotion, down to the final retail outlet! The cost of goods will drop dramatically causing a surge in purchases across the board! A huge increase in retail sales will bring in more Federal Revenue at far less complicated manner reducing government expense at many levels - a reduced work force to to track and collect the tax and very minimum enforcement personnel since everything is recorded at the cash register.
Therefore; who pays more taxes under the FairTax, it is those who spend the most for their needs or life style - the wealthy! There is a provision for those who are not well off or have incomes below the so-called poverty level - a monthly prebate is paid to all to offset the sales tax on retail goods up to a certain level. This is a win - win situation all across the board, everyone at every level benefits from the FairTax up to and including Uncle Sam! Why is there resistance to this most beneficial system? You guessed it, the big financial power mongers, specific politicians and their minions. The Socialist/communist/Fascist controllers disdain this type of Freedom and Liberty for the populace. The FairTax restores a general, prosperous Free Enterprise under which political and bureaucratic corruption cannot grow and flourish!
R T Poet
If everyone knew all there is to know, they would not do half the things they do, including myself, therefore I must foregive them, including myself.
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