Next to being shot at and missed, nothing is quite as satisfying
as an income tax refund
– until you remember that the refund money was yours in the
first place and the government has kept you from using it and has
returned it to you without paying interest. Then it’s not quite so
satisfying.
Editor
Next to being shot at and missed, nothing is quite as satisfying as an income tax refund – until you remember that the refund money was yours in the first place and the government has kept you from using it and has returned it to you without paying interest. Then it’s not quite so satisfying.
What is truly satisfying is the FairTax since it repeals the income tax and gives everyone 100 percent of his/her paycheck or benefits check.
In repealing the income tax, employee taxes, corporate taxes, etc., the FairTax brings prices down by 20 to 30 percent, which is the embedded tax manufacturers, wholesalers and retailers pass along in their prices.
Everyone with a valid social security card gets a rebate ($178 a month for an individual, $361 for a family of four) so they pay no tax up to the poverty level. The poor are not taxed at all.
The Federal government is fully funded at current levels, with Social Security and Medicare intact.
Tax evaders ($350 Billion annually according to the IRS), drug dealers, illegal immigrants will all pay their fair share into the tax system, which will experience an exponential growth rate.
The USA becomes the only country in the world that doesn’t tax productivity. That brings back “outsourced” jobs and brings in foreign companies.
Also, no one ever has to make out an income tax form or pay someone else to do it. We can throw out years of receipts and tax papers.
The FairTax is not only the fairest tax proposal under consideration, it is the most progressive. Check it out at www.fairtax.org.
Sunnye Tiedemann, via e-mail
