More information is available at FairTax.org.
As my more liberal blogger buddies seem to like to point out (with only the occasional vitriolic verbal kick), the country voted for Obama and the Democrats. And this, of course, had nothing to do with the Republicans and their failure of nerve and principle (except Bush and the last 8 years and the rape of freedom and the torturing of the poor and proper English, blah, blah, blah). But I don't really want to talk about that. I want to talk about the tax code. After all, this is April 15. And if it's time to pay taxes, and it's time to talk about taxes, then it's time for my annual post about the FairTax.
So as the millions who do pay taxes put their final touches on their piles of government forms, and the rest look to see what largess is next to flow from Washington, let me approach my perennial subject of the FairTax from the liberal-friendly angle. And yes, before you comment on my need to parrot, every bullet point below from the FairTax site:
- The FairTax meets the entire Democratic tax agenda, starting with progressivity. The FairTax is far more progressive than the current income tax system. Under the FairTax, low-income households experience five times the benefit increase as compared to high-income households.
- The FairTax eliminates the highly regressive tax on wages of the working poor and middle class. The FairTax removes the single most regressive element (the payroll tax) for wage earners.
- The FairTax is the only plan that completely untaxes the poor. Even a person
with a zero percent income tax rate today must pay payroll taxes on the first dollar they earn and also pay hidden federal taxes in the prices of everything they buy.
- The FairTax stops the export of jobs. Our income tax favors imports over U.S. production by exempting imports from U.S. tax, and we penalize U.S. exports by allowing foreign nations to impose taxes when our goods enter their shores.
- The FairTax is the only plan that targets and taxes existing wealth, not the fruits
of labor. The FairTax will tax every dollar of accumulated wealth in the most efficient way possible when it is spent.
- The FairTax is revenue neutral. The FairTax, at a 23 percent tax rate, raises the
same amount of money for the federal government as today’s income tax system. This means that steep budget cuts are not required to pass meaningful tax reform.
- The FairTax promotes the American Dream. The FairTax makes home ownership more affordable because used homes are totally untaxed, and three out of four homebuyers buy used homes.
There's one bullet point though that was completely missing:
- The FairTax eliminates loopholes. One complaint I've heard from most every liberal (except Satyavati, who will bitch if I don't add the words "most every") is that the rich find all kinds of shelters and loopholes to hide their money. As the tax is paid on every cent spent on new items, there are no loopholes.
- The FairTax is completely transparent. When anyone purchases goods or services, the price is right there. If they spend $100, then $23 of that is going to Washington. There are no tax codes. There are no deductions. There's no hiding anything. If you see sales numbers, all you need to calculate the FairTax is a little simple math.
In fact, the only people who I've dealt with that oppose this do so for a couple of reasons:
- They've never read the details, checked the figures, and come to the obvious conclusions that I came to, and are going on with distorted, or inaccurate information, or,
- They oppose the FairTax because it will take away their power to manipulate and control people by using an inherently flawed and unfair tax system to change behavior, punish their political enemies, and reward their buddies.
And President Obama, this is how you fix it. Any questions?