Happy New Year - Now Pay Your Taxes
Posted: December 30th, 2006
Category: real estate news
I always feel like the first thing a new year brings is tax season and I hate tax season. It demands a lot of time for paperwork, searching files, calculating numbers, and research of tax rules. Granted CPA’s are available to do this work on your behalf, but many people tackle taxes on their own. While it seems that few people like our current tax system, even fewer care to do anything about it.
I want to introduce all my readers to the FairTax plan…
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax, a rebate to ensure no American pays federal taxes up to the poverty level, dollar-for-dollar revenue neutrality, and the repeal of the 16th Amendment.
I encourage you all to visit FairTax.org and become involved in improving our federal tax system. On the website you will read these reasons for switching to the FairTax plan:
* Abolishes the IRS
* Closes all loopholes and brings fairness to taxation
* Ensures Social Security and Medicare funding
* Brings transparency and accountability to tax policy
* Allows American products to compete fairly
* Reimburses the tax on purchases of basic necessities
* Enables retirees to keep their entire pension
* Enables workers to keep their entire paycheck
I would also like to point out that this type of tax will garner tax dollars from those who currently do not pay federal taxes at all, such as:
* Illegal Immigrants
* Black Market Sellers (drugs, sex, etc…)
* Law Breakers who just skip out on taxes
* Unreported Income now gets taxed when it is spent
If you have 18 minutes, then you will get a thorough explanation of the FairTax plan by watching this video:
Now think about the FairTax as you struggle through this wonderful time of the year…Tax Season.
Happy New Year - Now Pay Your Taxes
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