Can anyone point me to postings focused on implementing the Fair tax? It seems to me there are numerous logistical issues. For instance:
1. The federal sales tax is collected at the point of sale, the tax collected is forwarded to the state for subsequent transfer to the treasury, is that correct? If so what about states that currently have no sales tax collection procedures? How long and at what cost will it take for these states to design and implement the required software?…Continue
Added by robert smith on February 28, 2013 at 11:43am — No Comments
The mortgage tax relief is mainly the advantage offered to mortgage holders, who have been making payments on the mortgage interest. The relief offered is mainly on the basis of the interest paid by the homeowner. The relief is offered almost on every type of mortgage starting from the mortgage on a new home, mortgage taken out for home improvements, mortgage taken…Continue
I heard a recent comment on a podcast by Joel Osteen that I feel is so pertinent. He stated: "Life is not fair, but God is fair."
I am convinced that God has brought the Fair Tax movement to provide the solution to our country's desperate financial crisis. We all need to pray "big" for such a big solution. Remember God can move mountains and this is exactly what this country needs right now.
Go Fair Tax!!
Added by Kenneth E Smith, MD on February 27, 2013 at 3:00pm — No Comments
This is an open letter to a new generation of founding fathers who I hope will stand up and “pledge their lives, their fortunes, and their sacred honor” to the cause of a restored Republic of the United States of America. I am asking for leaders to lead; people with wealth, name recognition, and the trust of We the People to lead us into a revival of the liberty once known by citizens of America. It is time for a political party to represent…Continue
Added by Bob Russell on February 26, 2013 at 10:00pm — No Comments
Free Market Misunderstood
Free Market or Crony Capitalism? Most people think of these two terms as the same thing when they are as different as night and day. For 150 years our great nation prospered under the free market system and became the largest economy in world history. Doing more good for more people and creating more wealth than mankind has ever seen. The last hundred years is where the real mess began. Under the guise of helping or saving us our glorious government has made a…
By Dan Pilla
The American Taxpayer Relief Act of 2012 is yet another major tax reform bill that doesn’t really do much to reform taxes. True, some of the key provisions of the Bush-era tax cuts are now permanent (to the extent that any tax provision is ever permanent today). However, the Act still leaves in place far too many temporary provisions. These have…Continue
Added by Dan Pilla on February 20, 2013 at 12:17pm — No Comments
AMT “INDEXING” IS NOW PERMANENT
No More Annual Scramble for a “Patch”
by Daniel J. Pilla
One of the maddening things about tax policy in the past eleven years was Congress’s unwillingness to permanently index the Alternative Minimum Tax (AMT) exemption levels to inflation. For more than a decade, Congress merely passed an annual last minute “patch,” which simply extended the temporary rules for…Continue
Added by Dan Pilla on February 18, 2013 at 1:35pm — No Comments