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The Time Has Come…

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September 27, 2005 by Tyson Wynn

I am a little behind on my reading, but I finally bought and read The Fair Tax Book by Neal Boortz and John Linder. I have been a fan of the fair tax in concept for some time. It was nice, though, to read all the details. All I can do is repeat an old saying that nothing is as powerful as an idea that’s time has come. It is time, my friends and neighbors, to replace the income tax in the USA with a consumption (retail sales tax).

I am not going to re-write their book here. But I am going to provide you with a link to it at Amazon here. But this book and read it now. It is 130 pages or so. You can read it in 1-2 sittings. For the future of our country, you need to read this plan. More than that, if you can read this plan and honestly be opposed to it, I’ll give you a dollar. It is the most sense tax issues have ever made for me. Think you’re not not interested in taxes? Let me ask you this:

  • Would you like to receive your full paycheck without all those deductions for income tax, Medicare, and Social Security? Say you make $500 every two weeks. Would you rather take home what you do now under our current system? Or, would you rather take home the full $500 (without negatively affecting Medicare and Social Security)?
  • Wouldn’t it be nice if April 15 meant nothing more to you than any other Spring day? Under the fair tax, there is no income tax, and no April 15 deadline. That also means no forms, no receipts, no wasting hours upon hours preparing your forms, no hiring accountants to file your forms.
  • Wouldn’t it be nice if an estate could pass from a dead parent to their children without having half of it confiscated by thedeath tax? With no income tax, there would be no death tax and no marriage penalty.
  • Wouldn’t it be nice if all those people out there who are currently cheating the system by not paying income taxes had to pay their fair share? Under the fair tax, everyone will pay taxes on new retail items. Illegal immigarants, drug dealers, hookers, cheats, thiefs, and scoundrels, along with the normal average everyday folks. More people paying in means that everyone’s burden (their fair share) goes down. Nice, huh?
  • Don’t want to pay any taxes? Under the fair tax, you don’t pay one dime in taxes until you spend your money. You could earn money tax free, buy only your necessities for life (on which every head of household receives a prebate check to offset the taxes), save the rest, and pay no tax. What about the huge taxes that would be on big ticket items like cars and houses? In the first place, we are already paying a huge amount of tax on these items because of the embedded taxes (read the book for a fuller explanation). Once the income tax is repealed, the embedded taxes would go away, so the price will be very much the same. Beyond that, you could avoid all taxes by buying used. It’s a retail sales tax on new items. Used cars and used houses (and other second-hand items) would not be taxed.

Interested yet? How could you not be? Buy this book. Click the cover below to get it at Amazon. I also saw they are stocking them at Wal-Mart for about $18. A small fee for tax reform indeed.

FairTax Book

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