Tax code Reform:

Are you the rightful owner of the fruits of your labor?

 

If not you, who?

 

When someone takes something without permission of the rightful owner, what do you call it?…

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I sent this to my Senators and my Rep.  I suggest you do the same to yours.

 

I doubt you know much about my business background.  Suffice it to say that I am an entrepreneur with half of my experience in the US and half overseas.  I have three new businesses. One is approaching readiness to go large scale.  It is a product that requires professional consulting and therefore will employ many people.  The second is a consumer product that is still in the engineering stage – but…

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THE FAIRTAX SERIES: EPISODE 5

 AMERICA’S ROAD TO PROSPERITY

Conclusion

 

In this final installment of the FAIRTAX series I want to review the content of the series and give a few personal thoughts on our country, our system, and how I see the FAIRTAX being an integral part of the solution to our debt issue, though not the only aspect, and of how we get the United States back on steady…

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THE FAIRTAX SERIES: EPISODE 4

 AMERICA’S ROAD TO PROSPERITY

THE PRE-BATE

In this installment of the FAIRTAX series I want to cover the “pre-bate” provision of the plan.  The “pre-bate” is a provision designed to help with the basic necessities of life, to essentially “un-tax” food, medicine, utility costs, clothing, etc. up to the poverty level.  It is not designed to help the “rich” buy new cars…

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THE FAIRTAX SERIES: EPISODE 3

 AMERICA’S ROAD TO PROSPERITY

 BRINGING JOBS BACK TO AMERICA

In this installment of the FAIRTAX series I want to cover the impact of jobs, particularly manufacturing jobs, coming back to the United States.  When Bill Archer (R-Tex.) was the chairman of the House Ways and Means Committee, the tax writing body of Congress, he often quoted a survey of 500 international…

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THE FAIRTAX SERIES: EPISODE 2

AMERICA’S ROAD TO PROSPERITY

TODAY’S TAX CODES, THE COST OF COMPLIANCE

In this installment of the FairTax series I want to cover the cost of compliance and enforcement with today’s tax codes.  Before I go into the complexities of compliance and enforcement I want to spend a few minutes dispelling the favorite myth of the anti-FairTax crowd.  One of the things…

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THE FAIRTAX SERIES: Episode 1

AMERICA’S ROAD TO PROSPERITY

AN INTRODUCTION

A couple of years ago I began hearing about a new concept in taxation.  This new concept is called The FairTax.  I didn’t pay much attention because I thought “how is any tax fair?” when some pay and some don’t.  At first I dismissed it as another scam to throw me off the track of an out of control government looking for…

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I am forecasting a little.. but to foreseeing an economy similar to our current one under the FairTax... and with No Way to bring back an income tax... a trigger tax to protect lower wage workers in a bad economy could be created...

I have designed a post card sized document for us to review and comment on... this idea is really "true blue" and don't forget to order the Get on Board the FairTax Train T-shirt… Continue

One of the major reasons for tax reform is to simply the tax code and lessen the regulatory expenses it imposes to a more productive economy.



(cost of tax preparation)/(taxes revenues collected) = (efficiency of tax collecting). $350 billion to prepare taxes / $2,528 billion in “2008 federal receipts” = 13.845% inefficient



The fairtax has a low cost of collection. At about 90% less costly the Fairtax would only be about 1.4% inefficient leaving more money in the economy to… Continue

What does the American Dream mean to you? Perhaps each of us has our own definition but at its core it probably includes to live a peaceful and prosperous life. But where does home ownership fit in? Isn’t that part of the dream? Well, if you ask many at this particular snapshot in time, home ownership is definitely a dream… a nightmare.



Why did our government put so much emphasis on home ownership as part of the American Dream? One key reason is that it needed to create more demand… Continue