War Against Federal Tyranny And The Misapplication of Income Tax

We The People, fighting to return America to rule of law under the U.S. Constitution and the Bill of Rights. "...That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..." --- Declaration of Independence "Tell me when did liberty ever exist when the sword and the purse were given up?" --Patrick Henry

Monday, March 29, 2004

Sorry for the confusion........
on the "fair tax" issue. But this "fair tax" - that H.R. 25 proposes - is an excise tax on goods and services NOT your wages, NOT your income. As I understand it, if it passed it would repeal Title 26 Subtitles A, B and C taxes. That includes Income taxes, Estate and Gift taxes, Capital gains, Employment taxes (FICA), Corporate income taxes. The poor would be able to file a short form to get their taxes paid in back if they met low income criteria. It would tax about everything but would NOT tax used items sold. For instance, you buy a new car and pay the tax, you sell that car used and buyer pays no tax. Government gets one shot at it.

I hope that sheds the correct light on it. I'm still not sure how I feel about it if the amendment contains no cap AND no bottom so that it could never go up but could come down.