Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
American Thinker Supports The Fair Tax
In an article at American Thinker.com titled The Outsource Corporate Headquarters Act of 2009 the authors suggest replacing the federal income tax code with one of two consumption based taxes. One is The Fair Tax. The other is a VAT. It may help to post a comment explaining why The Fair Tax is preferable to a VAT.
Replies to This Discussion
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Permalink Reply by cary henderson on
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> The Richmans are great supporters of the FairTax. They have written a very informative book about the economic problems facing the U.S. It is called "Trading Away Our Future" and is a must read for FairTaxers.
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Permalink Reply by Nancy L. Gatchel on -
As I finished the article, I checked out the book you refer to. I was wondering if it was good and from the reviews I read, it does, indeed, look like something I need to read.
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Permalink Reply by Nancy L. Gatchel on
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I will be reviewing this article and weighing in with my 2 cents worth.
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> Howard Richman used to add comments on the FairTax Groups page. I'll see if I can contact him and get him to join the discussion here.
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Permalink Reply by Nancy L. Gatchel on
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Frankly, I don't understand at all how anyone could equate the value of the Fair Tax with VAT. A VAT is regressive and imposes taxes everywhere it can; smacks to much of income and withholding taxes. They just add and sneak more in here and there.
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