Replace All Federal Taxes on Income with the Fair Tax Act , HR 25

Making Big Business Pay=Making Us Pay More

Making Big Business Pay Their Fair Share of Taxes by Ken Hoagland When you hear any politician indignantly demanding that corporations finally, “pay their fair share of taxes,” look to your own wallet. Corporations don’t have a secret cache of money to pay taxes nor do CEO’s take it from executive compensation. These taxes are always paid by workers, consumers and stockholders. The recent shocking, shocking revelation that American businesses are sheltering their overseas profits far away from our second highest corporate tax rate in the world comes as a “surprise” to no one but those feigning surprise for political gain. Of course they keep their profits away from our corrupted tax code and the sweaty outreached hands of both Members of Congress and Washington tax lobbyists. In some parts of the world the bribe to gain government favor is both a common and illegal transaction. Here in the United States, it is has been codified and made not only legal but the basis of a thriving business inside Washington’s beltway. More than half of the two and half billion dollars spent annually on lobbying in Washington is spent in pursuit of “favors” in the income tax code. Hey, it’s the cost of doing business in the USA. With a wink and a nod “contributions” are made to political campaigns and even to hometown foundations and causes that Members of Congress favor or in which they have an interest. Lucrative fees are paid to the richest and most powerful lobbyists in Washington, tax lobbyists, to broker sweetheart deals for businesses and individuals. These lobbyists commonly come from Capital Hill after staff or elected careers that provide them currency with and access to tax writing committees. The hallway outside the House Ways and Means Committee is even called, “Gucci Gulch” in deference to the shoes these lobbyists wear that cost more than most American’s monthly house payment. “Closing business loopholes” really means that some past favors are being rescinded and a new feeding frenzy of lobby activity for new favors is about to begin. It’s all part of the corrupted tax code that makes Members of Congress from both parties very powerful, lobbyists very wealthy and which does real damage to the American economy. Unfortunately, this is one activity that sees true bi-partisan cooperation among the power elite in Washington. Closing loopholes also means that workers will continue to see wages and benefits depressed and that consumers are about to pay higher prices for goods and services--because that is how business pays business taxes. Teacher retirement funds and other investors can take cold comfort, as well, that returns will be lower or dividends trimmed, so that business can “pay its fair share”. Pitting Americans against each other to achieve “fairness” in the corrupted tax code has been raised to a fine art in Washington. Taken together with the lucrative industry that has grown up around the tax writing committees, it is little wonder that Washington so vehemently resists the FairTax. The fact that the corporate tax and all the current complicated and unevenly applied taxes on earnings could be replaced with a no-exception consumption tax simply does not compute to most in Congress. Elimination of corporate taxes under the FairTax is predicted to bring, not just American business profits, but $10-15 trillion of investment back to our shores. That means very little to those who profit so mightily from the income tax system. Elimination of $300 billion a year in tax preparation costs as individual returns become history? Not worth it, according to many in Congress. How about making the cost of the federal government visible instead of hiding taxes through payroll withholding? Unthinkable to those who spend our dollars freely (and our children’s future earnings) to win our votes today. But outside Washington, the FairTax grassroots movement continues to grow. Advocates know all about the self-interested resistance that exists on Capitol Hill. They still come to rallies, they still form local chapters, they still blog and post and they still sign petitions. Why? They still believe that American citizens have not only the right but the power to create public policy that actually benefits the public. Unthinkable.

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Comment by jason tudd on August 4, 2009 at 7:32am: When you hear any politician indignantly demanding that corporations finally, “pay their fair share of taxes,” look to your own wallet. Corporations don’t have a secret cache of money to pay taxes nor do CEOs take it from executive compensation. These taxes are always paid by workers, consumers and stockholders adult hosting.
The recent shocking, shocking revelation that American businesses are sheltering their overseas profits far away from our second highest corporate tax rate in the world comes as a “surprise” to no one but those feigning surprise for political gain domain registration. Of course, they keep their profits away from our corrupted tax code and the sweaty outreached hands of both Members of Congress and Washington tax lobbyists website templates.

Comment by micheleking on May 20, 2009 at 12:41pm: Mr. DeanF, I can only imagine you are very young when you say you hope "politicians will not corrupt it..." Speak to some of your older folks in the neighborhood and ask them about how our tax dollars are spent.

There is not enuff room on this page for me to tell you of the atrocities I witnessed at the IRS. 1guy single-handedly cost the txpayers over $50K when he insisted the A/C system get new oil&anti-freeze. The maintence dude, Mr. Duvall said repeatedly not to but homey wouldn't listen. Not only did it bust all the pipes but this guy got an "award" rather than mgmt admit any wrongdoing. Look to the nitemares in GB and Canada's "health care." Just check around son, please. I dig coins too.

Comment by DeanF on May 20, 2009 at 3:13am: All of us are submitted to pay our own tax (Except for those who do not have income). These taxes are important in funding the entire government projects for the benefits of its citizen. I just hope these politicians will not corrupt it and spend it in for their own sake. In relation to financial issues, usmint.gov might be a cool site for coin collectors, especially collectors of coins made by the U.S. Mint, which is quite valuable. usmint.gov has information on some upcoming coins, especially the Presidential series of $1 coins. One of the new coins about to be released into circulation is the John Tyler coin. You won't need installment loans for one – it's a dollar – but it features one of the least covered Presidents. Tyler was the President that annexed Texas and Florida, and was one of only three presidents that wasn't a member of any party during his term. You can find out more about upcoming coins from usmint.gov without needing debt relief for viewing it.

Comment by micheleking on May 19, 2009 at 2:39pm: He just hired more 800 federalies. They come in groups and carry 9mm's. You best pay your taxes.

One of my good pals said you ought to take another look at your W4 and make sure you have enuff coming out. He said:

"The Policy did not take into account Working - Married couples or those with a 2nd jobs or a buisness", etc

http://online.wsj.com/article/SB122385651698727257.html

He gave this link and I saw the article there, "Obama's 95% Illusion."

10yrs ago it was 4hrs O.T. and change the W4. Work until end of May for gov, June - Dec is yours. Can anyone tell me if we are now up to July?

Did anyone read this article? I hope so. Couldn't stomach it and wanted the low down from the smart folk on FTN.

Comment by Nancy L. Gatchel on May 14, 2009 at 9:02pm: I had a difficult time with the question about not filing taxes on the afa.net site. I'm a law abiding citizen, however, I might be tempted depending on how things go.

Comment by Everett Bennett, Jr. on May 14, 2009 at 7:52pm: Found this link: Let afa know what you think .................

* Posted by wakeupamerica on May 14, 2009 at 2:07am
* View wakeupamerica's blog

http://www.afa.net/petitions/taxes/TakeSurvey.asp

Comment by Everett Bennett, Jr. on May 14, 2009 at 7:47pm: Personally, I think it is time for civil disobedience. Bump your "exemptions" and then when next year comes around, work out an "easy" payment plan. Whil you are at it....meet with your local State Rep and request an opt out of Soc Sec, Medicare, and a refund (They can use TARP) . They can't lock us all up! It is time to push back. These people in DC are worse than the Mafia. I am serious. It is time for a Revolution. Can someone start a sign-up sheet for opt'ing out of this crap! I was born into this mess and I no longer want to be part of it. Oh yeah, send the illegal aliens and the anchor babies back home! That should help with the budget.