P
princess`B.
Guest
solve this outrage? HELP!? i need answers A.S.A.P. thanks!
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why are there price hikes? when did it stared? how does it affect us? how can we
J
J. T. Calmes
Guest
For those who store up riches, inflation eats them up - the bible says that moths will eat, rust will destroy and theives will come and steal - another piece of the equation is that inflation will eat up your riches, you should store up treasures that will last forever - like loving and befriending others, Telling others about what Christ has done for you and them - dying on the cross to forgive all our sins and raising from the dead 3 days later so that we will be with him forever and whoever believes in Him will not perish, but have everlasting life, according to the bible.
A
Andi
Guest
There's nothing you can do and there's nothing you're going to be able to do. Welcome to your new country. Viva la taxes!!!!!
*If you don't like that answer, the guy above me seems to know what HE'S talking about, so.......
*If you don't like that answer, the guy above me seems to know what HE'S talking about, so.......
B
Buck Ofama
Guest
What we need is the FairTax.
For those who don’t know about the FairTax, a little background:
The FairTax Plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax on new items only, a rebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement, and, through companion legislation, repeal of the 16th Amendment. This nonpartisan legislation (HR 25/S 25) abolishes all federal personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them with one simple, visible, federal retail sales tax – collected by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend, not on what we earn. It does not raise any more or less revenue; it is designed to be revenue neutral. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system. More details can be found at www.fairtax.org
The income tax equation is income- taxes-compliance dollars = spending
The Fair Tax equation is income = spending + taxes+ compliance dollars, so here we are taxed as we spend and keep the compliance costs
http://wethepeople.org/wpblog/?tag=the-fairtax-act
Quick Facts
Discussions with focus groups of Americans showed that what citizens want is a tax system that provides Fairness, Simplicity, and Visibility. The FairTax achieves these objectives through:
Simplicity — one rate for everyone; no tax filings
Fairness — is progressive, protecting the poor through a tax rebate on the necessities of life; no loopholes, therefore everyone pays the same rate on every purchase. The “rich” pay more as they spend more and can not hide.
Visibility — any change in the tax rate shows on every cash register receipt
It gives $13 trillion in offshore accounts no more reason to be offshore.
And in addition, the FairTax produces the following:
It lets every worker keep their entire pay check — no payroll or income taxes
It allows those at/below the poverty level to have zero or negative taxes
It lets retirees keep their full pension or Social Security checks — untaxed
It lets everyone keep their capital gains and investment income — untaxed
It encourages savings and investment — creating greater national growth and productivity
It encourages repatriation of wealth from tax havens providing much needed capital to fuel
the growth of our own economy
It stimulates exports — leading to greater U.S. employment
It stimulates economic growth and job formation
It eliminates gift and inheritance taxes
It taxes spending of gifted and inherited wealth more fairly
It has a lower cost of enforcement
It makes the federal tax rate very visible, and therefore, politically risky to increase
It ends all personal and corporate income tax filings
It eliminates the IRS and frees $8 Billion
It frees the $250 Billion tax accounting/law industry for more productive employment
It eliminates tax loopholes — no filings, no exemptions, no loopholes
By removing all income and payroll taxes and compliance costs with the FairTax, we let young beginning workers get ahead faster. Overtime and second jobs are not taxed and they are able to get over that hump of sustenance to success.
For those who don’t know about the FairTax, a little background:
The FairTax Plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax on new items only, a rebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement, and, through companion legislation, repeal of the 16th Amendment. This nonpartisan legislation (HR 25/S 25) abolishes all federal personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them with one simple, visible, federal retail sales tax – collected by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend, not on what we earn. It does not raise any more or less revenue; it is designed to be revenue neutral. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system. More details can be found at www.fairtax.org
The income tax equation is income- taxes-compliance dollars = spending
The Fair Tax equation is income = spending + taxes+ compliance dollars, so here we are taxed as we spend and keep the compliance costs
http://wethepeople.org/wpblog/?tag=the-fairtax-act
Quick Facts
Discussions with focus groups of Americans showed that what citizens want is a tax system that provides Fairness, Simplicity, and Visibility. The FairTax achieves these objectives through:
Simplicity — one rate for everyone; no tax filings
Fairness — is progressive, protecting the poor through a tax rebate on the necessities of life; no loopholes, therefore everyone pays the same rate on every purchase. The “rich” pay more as they spend more and can not hide.
Visibility — any change in the tax rate shows on every cash register receipt
It gives $13 trillion in offshore accounts no more reason to be offshore.
And in addition, the FairTax produces the following:
It lets every worker keep their entire pay check — no payroll or income taxes
It allows those at/below the poverty level to have zero or negative taxes
It lets retirees keep their full pension or Social Security checks — untaxed
It lets everyone keep their capital gains and investment income — untaxed
It encourages savings and investment — creating greater national growth and productivity
It encourages repatriation of wealth from tax havens providing much needed capital to fuel
the growth of our own economy
It stimulates exports — leading to greater U.S. employment
It stimulates economic growth and job formation
It eliminates gift and inheritance taxes
It taxes spending of gifted and inherited wealth more fairly
It has a lower cost of enforcement
It makes the federal tax rate very visible, and therefore, politically risky to increase
It ends all personal and corporate income tax filings
It eliminates the IRS and frees $8 Billion
It frees the $250 Billion tax accounting/law industry for more productive employment
It eliminates tax loopholes — no filings, no exemptions, no loopholes
By removing all income and payroll taxes and compliance costs with the FairTax, we let young beginning workers get ahead faster. Overtime and second jobs are not taxed and they are able to get over that hump of sustenance to success.