Transitioning from Income Tax to FairTax

What will tax season be like for the average Joe or Jolene? Well, to begin with April 15 will be just another beautiful Spring day. There will be no income tax filing, so there will be no tax preparation. There will be no need to keep all your receipts. You’ll never again have to ask, “How many years do I have to keep all this stuff?” Your accountant will be able to actually earn his fees by helping you manage your money, rather than by doing your taxes. In short, there will be no tax season.

The transition from an income tax to the FairTax, for the average consumer, will hardly be noticed. The collection of the tax revenue lies with the retail and service businesses, and most of the infrastructure is already in place for collecting sales taxes. The prices of goods and services will remain about the same, and in some cases may even decline as embedded taxes are removed from the manufacturing, transportation and supply processes.

Every year we lose billions of dollars in productivity just in the time it takes us to prepare and file our tax returns. This is an immediate benefit of implementing the FairTax. Will it be easy to get it done? No. Is it worth it? Absolutely.

Would FairTax tax Education?

Investments and savings will not be taxed under the FairTax system. Since education is clearly an investment in a person’s future, it will not be a taxable item under the FairTax.

If you didn’t have to pay taxes on your money when you earned it, and you didn’t have to pay taxes on money invested in education, how inclined would you be to finally finish that degree or how much more determined would you be to see that your child gets a quality education?

Herman Cain – FairTax would supercharge US economy

Herman Cain, business man, political conservative, and possible Presidential candidate in 2012 talks about the ways the FairTax plan would supercharge the U.S. economy sooner rather than later.

  • The FairTax plan will replace the federal income and payroll based tax system with a simple, transparent and fair national retail sales tax.
  • You will bring home your entire paycheck, and then you decide when and how much you pay in taxes when you spend your money.
  • Taxes are assessed at the retail, or consumption, level so businesses will be able to compete globally.
  • The ability of politicians and lobbyists to manipulate the tax system to benefit themselves and their interests goes away under the FairTax plan.

The benefits of the FairTax plan are many, and the only way to make it happen is to get involved. Visit FairTax.org for more information or read the FairTax bill, H.R. 25, for yourself.

Online Tax Revolt

Online Tax Revolt - March For AmericaI was in a meeting the other night and one of the guys cheerfully proclaimed, “I’m getting a tax refund this year!”

I tried to explain that the government was only sending him back his own money, less any interest he could have earned on it. He wasn’t being given anything. But, it didn’t seem to matter. He was getting a check from the government.

I came home and logged on to Facebook. There was a post by my niece, “Yay!! We’re getting our tax refund on Friday!”

I don’t get it. How have we allowed ourselves to be convinced that a tax refund is a good thing? That means that during the past year you paid more taxes than you should have. The government used your money, or more properly misused it, and now they are going to send you a little portion of it back. And forget about the interest you could have made on that money. The Gov doesn’t pay interest. That’s just gone. Except, of course, that they earned interest on it while they had it, and they keep that money.

Why are we still putting up with this nonsense? Income tax was not part of the original plan. Every system of taxation that exists today existed back in 1787. If income tax were a good idea it would have been included in the Consitution from the beginning. But, it’s not a good idea. In fact, it is a horrible idea. The harder you work, the more they take. The more you earn, the more they take. The more you have, the more they take. It punishes us for striving to do what our natural instincts drive us to do, succeed.

It’s time to stop the madness. In 1913 the government pulled the wool over the eyes of our grandfathers and great-grandfathers when they convinced them that a tax on income was necessary. Now, generations later, we are still wearing that wool. Only now it’s grown wet and stinky and too heavy to carry any longer. It’s time to say, “Enough.”

There is an Online Tax Revolt going on right now, and you can join in and add your voice to those of your family, friends and neighbors from all over the Country. It’s free to join. It’s a virtual march on Washington that began last week and will culminate with an actual march that will take place on April 15. You can participate in the virtual march online or you are most welcome to actually go to Washington and be a part of the historic event in April. Do one, or do both, but for the sake of our Country and the future of our grandchildren please do something.

Go to Online Tax Revolt.com and sign up right now.

Join the Online Tax Revolt today!

Cordially,

Tim Couch

Never too old to play

Priceless angel
Priceless angel

Kids are great aren’t they? All that boundless energy and unbridled enthusiasm for life, the fearlessness with which they approach everything they do, the careless joy of simple play, and their endless curiosity for everything around them always puts me in a special mood. That’s why I try never to miss an opportunity to screw with their little heads.

I was out dawdling in the yard a while ago, and several of the neighborhood kids were playing nearby. The sound of their laughter and their occasional high pitched squeals took turns making me smile and setting my teeth on edge. I suspect it has something to do with turning fifty that other people’s children aren’t quite as endearing as they once were. But, I’m quite experienced in the art of prepubescent ignoration and so I was going about my piddling without too much discomfort.

Unfortunately, in my determination to let them have their fun I didn’t notice that they had noticed me. “Hello,” I heard in a tinkling little voice. I looked up and there were three of them. They had me surrounded on one side.

“Hello,” I said, “and how are you ladies doing today?”

“Fine,” they said in chorus.

“It sounds like you’re having a lot of fun over there,” I said, and they all laughed as if I’d said the cleverest thing.

“How old are you?” asked the medium sized blond one.

“Well,” I said, “that depends on what you mean by old.” This gained me a quizzical stare but no further discussion of my age.

“We like your house.” said the taller dark haired one.

“Thank you very much,” I said. “We like it too.”

“Where did you get the money to buy such a big house?” asked the little one, her blond curls framing an angelic face.

“Well,” I drawled as I squatted down to their level. I looked around suspiciously and then whispered, “We used to have a little girl about your age, and we sold her. I sure hope your Mom and Dad don’t want a bigger house.”

They were still screaming when I stepped inside for a glass of iced tea. See, you’re never too old to play with the kids.