11-08-2008, 11:41 AM
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CC Member
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Join Date: Apr 2007
Cobra Make, Engine: # 757 ERA 427 SC , 482 Al. big block
Posts: 896
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There is a proposal already out there called the Fair Tax that was concieved by Congressman John Linder . I`ve looked at it and it appears to be very well researched .... basically a consumption tax with the Federal income tax , SSI and Medicare taxes eliminated and the IRS eliminated .
You would pay absolutely nothing until you bought something and then only about what the price was before as there is about a 23% imbedded Fedreal tax on everything now . The Govt. will continue to be funded at current levels. This will also take away the power the politicians now hold because of the current tax structure .
, which is why it will probably never pass.
From what I can see , the Democrat Party is now the Socialist Party and Republicans are now Democrats .... where is Vlad the Impaler when you need him ??
Two proposals .... and no , I not smoking something I shouldn`t ..... only tax payers can vote and second , for every law passed , two have to come off the books 
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