Jul 25 2007
In support of the Fair Tax
I wrote an article for the new politics section of Riverbender.com in support of The Fair Tax. Here is part of the article:
The American taxpayer has an excellent opportunity to take control of his federal tax burden and take home his entire paycheck (minus any state or local deductions.) This opportunity also presents a means of funding Social Security and Medicare while allowing companies to invest more into growth and increased pay for their employees. This opportunity is known as The Fair Tax.
The Fair Tax Act of 2007 (HR 25) would abolish federal income taxes, payroll taxes, Social Security contributions, and Medicare contributions. The revenue to operate the federal government would be generated by a 23 percent tax on purchases of new items. This 23 percent national sales tax seems like a large number at first glance but upon closer examination it becomes an attractive alternative to the existing quagmire that is the federal tax code.
If you would like to read more of my opinion and the opposing (liberal) view please go to www.Riverbender.com/politics and feel free to voice your opinion in the forum.
