News & Opinion Discussions - Fair Tax Nation2024-03-29T05:07:14Zhttp://www.fairtaxnation.com/groups/group/forum?groupUrl=news-opinion&feed=yes&xn_auth=noLetter to the Editortag:www.fairtaxnation.com,2012-12-01:2636007:Topic:1787662012-12-01T13:36:46.665ZDave Boonehttp://www.fairtaxnation.com/profile/DaveBoone
<p><a href="http://lacrossetribune.com/news/opinion/david-boone-tax-system-needs-to-be-overhauled/article_14726ee4-335f-11e2-8766-0019bb2963f4.html">http://lacrossetribune.com/news/opinion/david-boone-tax-system-needs-to-be-overhauled/article_14726ee4-335f-11e2-8766-0019bb2963f4.html</a></p>
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<p><a href="http://lacrossetribune.com/news/opinion/david-boone-tax-system-needs-to-be-overhauled/article_14726ee4-335f-11e2-8766-0019bb2963f4.html">http://lacrossetribune.com/news/opinion/david-boone-tax-system-needs-to-be-overhauled/article_14726ee4-335f-11e2-8766-0019bb2963f4.html</a></p>
<p></p> All purpose comment to be inserted wherever tax reform is being discussed:tag:www.fairtaxnation.com,2012-09-10:2636007:Topic:1770432012-09-10T13:25:58.859ZDave Boonehttp://www.fairtaxnation.com/profile/DaveBoone
<h6 class="uiStreamMessage userContentWrapper"><span class="messageBody"><span class="userContent"><br></br> <br></br> As usual our leaders of both parties are stuck on stupid. For over a decade now, we've had a solution for a tax policy that would jumpstart the economy. It's called the FairTax. It would be a paradigm shift in thinking about taxes, in that it removes all roadblocks to production, by taxing consumption instead of income. Alternative solutions such as the VAT, the Hall-Rabushka Flat Tax…</span></span></h6>
<h6 class="uiStreamMessage userContentWrapper"><span class="messageBody"><span class="userContent"><br/> <br/> As usual our leaders of both parties are stuck on stupid. For over a decade now, we've had a solution for a tax policy that would jumpstart the economy. It's called the FairTax. It would be a paradigm shift in thinking about taxes, in that it removes all roadblocks to production, by taxing consumption instead of income. Alternative solutions such as the VAT, the Hall-Rabushka Flat Tax and others, amount to tinkering at the margins of our totally discredited and counterproductive Income Tax. Please investigate the FairTax yourself at <a href="http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.fairtax.org&h=-AQEypWPqAQEX8Bi2r21Y1fbkRfD5AmQBDH7ItaDN_E0D7g&s=1" target="_blank" rel="nofollow nofollow">www.fairtax.org</a>.</span></span></h6> The FairTax Solution to Social Securitytag:www.fairtaxnation.com,2012-09-09:2636007:Topic:1770332012-09-09T22:01:22.543ZDave Boonehttp://www.fairtaxnation.com/profile/DaveBoone
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<p>Last week the debt clock clicked over 16 Trillion, to great wails of consternation and gnashing of teeth. Not mentioned in the coverage of that event, however, is the fact that the unfunded liability for all of our “entitlement” programs (Social Security, Medicare, Medicaid, and a host of lesser programs including food stamps and aid for dependent children) amounts to nearly 62 Trillion. In other words, someone (read politicians) has signed a promissory note on the behalf…</p>
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<p>Last week the debt clock clicked over 16 Trillion, to great wails of consternation and gnashing of teeth. Not mentioned in the coverage of that event, however, is the fact that the unfunded liability for all of our “entitlement” programs (Social Security, Medicare, Medicaid, and a host of lesser programs including food stamps and aid for dependent children) amounts to nearly 62 Trillion. In other words, someone (read politicians) has signed a promissory note on the behalf of each household for $528,000 not even counting a share of the national debt.</p>
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<p>Today there are only 3 people paying into Social Security for each person drawing benefits. That ratio will dwindle to 2 to 1 over the next 50 years. Since Social Security has been grossly underfunded, honoring the defined benefits of Baby Boomer retirees will also require back-breaking <a href="http://opus1journal.org/articles/article.asp?docid=94#note" title="">additional payroll tax</a><sup>4</sup> on future workers.</p>
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<p>Enter the FairTax……………….</p>
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<p>From HR25, Sec 101. Imposition of Sales Tax</p>
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<p>`(3) COMBINED FEDERAL TAX RATE PERCENTAGE- The combined Federal tax rate percentage is the sum of--</p>
<p>`(A) the general revenue rate (as defined in paragraph (4),</p>
<p>`(B) the old-age, survivors and disability insurance rate, and</p>
<p>`(C) the hospital insurance rate.</p>
<p>`(4) GENERAL REVENUE RATE- The general revenue rate shall be 14.91 percent.</p>
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<p>At least until Congress screws it up again, 8.09% of the revenue will be dedicated to Medicare and Social Security. No longer will the trust fund be raided for the general revenue. The fund becomes sacrosanct for the first time since the Johnson Administration. Additionally, the FairTax will at least double the contributory base.</p>
<p>When Daddy Warbucks buys a new yacht, he will contribute. When Johnny ponies up a dollar for a can of pop, he will also contribute to Grandad’s retirement. For that matter it is highly likely Grandad will also be a contributor to his own benefits.</p>
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<p>The dismal prospect of Boomermegeddon will give way to a more hopeful future under the FairTax where the ever expanding economic pie will make it possible for all segments of society to get a bigger piece, not the least of which will be those dependent on fully funded entitlements.</p> Letter to the Editor by Bob Martintag:www.fairtaxnation.com,2012-08-28:2636007:Topic:1766622012-08-28T15:19:38.269ZMarilyn Rickerthttp://www.fairtaxnation.com/profile/Marilyn
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<p><span style="color: #0000ff; font-family: Calibri, sans-serif; font-size: 15px;" class="Apple-style-span"><a title="http://host.madison.com/news/opinion/mailbag/bob-martin-to-boost-economy-congress-should-pass-fairtax/article_997bb02a-0ec3-56b7-bf50-302431b45dc6.html" href="http://host.madison.com/news/opinion/mailbag/bob-martin-to-boost-economy-congress-should-pass-fairtax/article_997bb02a-0ec3-56b7-bf50-302431b45dc6.html">http://host.madison.com/news/opinion/mailbag/bob-martin-to-boost-economy-congress-should-pass-fairtax/article_997bb02a-0ec3-56b7-bf50-302431b45dc6.html</a></span></p>