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900 W. Main St.,
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Phone: 208.983.1200 |
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| Fair Tax: need for new system issue that affects all |
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| Letter - Wilson |
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We are well aware of the self-interest of Washington in keeping the income-tax system going strong, but senators and representatives were elected to serve the citizens of the United States, not themselves. The FairTax, a national consumption tax, will replace our broken, corrupt and punitive income-tax system.
Alexander Hamilton said, "All duties upon articles of consumption, may be compared 6to a fluid, which will, in time, find its level with the means of paying them. The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources. The rich may be extravagant, the poor can be frugal. It is a signal advantage of taxes on articles of consumption, that they contain in their own nature a security against excess."
Under the FairTax, almost everyone wins because the tax base itself is greatly expanded and government will receive the same amount of revenue. When more people pay into the system, the burden on almost all individuals is reduced. Please inform yourselves on the FairTax by reading the following and going to www.fairtax.org:
The FairTax urges all Americans to take a stand for a new "right," the right for a fair tax for all Americans.
The FairTax should not be considered a "party issue. The need for a new tax system is an issue that affects all Americans.
The FairTax ensures that all Americans pay their fair share of taxes. Everyone is subject to the same consumption tax rate (23 cents of each dollar of retail spending) with no exceptions and no exclusions, and those least able to share in the cost of government carry no federal tax burden.
Exempts all taxpayers from federal taxation up to the poverty level, through a monthly rebate.
Enables workers to keep their entire paychecks.
Enables retirees to keep their entire pensions.
Makes American products more competitive overseas because American exports would not be taxed to the extent that they are today.
Brings transparency and accountability to tax policy.
Ensures Social Security and Medicare funding.
Removes the need for the IRS.
Closes all loopholes and brings fairness to taxation. There's no hiding from the FairTax system. Anyone who makes a purchase of new goods or services pays the required tax. This includes those who hide money so they don't have to pay taxes, those who are in our country illegally, and criminals who make their money through illegal means.
Frees up the time wasted on filling out cumbersome IRS forms.
Makes taxation of income unconstitutional by repealing the 16th Amendment.
Dramatically lowers tax rates for low-income and middle-income Americans.
Makes taxes visible by eliminating hidden income and payroll taxes in consumer prices.
Enables families to save more for home ownership, education and retirement because they are now getting their entire paycheck.
Leaves unchanged the amount of money raised by the federal government.
The FairTax increases individual purchasing power, making it easier to get ahead financially by eliminating: the individual income tax, the payroll income tax, the estate tax and the gift tax, capital gains taxes, the alternative minimum tax, the self-employment tax, and the corporate income tax.
Jay and Lee Wilson
Kamiah
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