Guest post by David Gress:
Many people have never heard of the Fair Tax. A quick and short note about it. The Fair Tax is simple. Everything that you buy is taxed at 23%. I know it sounds high but to compensate for the tax on necessities of life a check for $600 is sent to each tax payer. There is no IRS and no income tax. The manufacturers don’t pay taxes, the middle man pays no tax, only the end user. Therefore the manufacturer’s cost would be lower and he would be able to reduce his prices and pass the lower price on to the consumer. A side effect of the Fair Tax is that only those who are on the tax roles legally would receive the $600 a month check. To my way of thinking this would mean that the illegal aliens (who we tax payers have been supporting for years) would be paying the 23% and not getting the $600. That basically means that they would be helping to support the legal tax payers for a change.
To further the argument for the Fair Tax many businesses that left our soil to seek tax shelters outside our borders would want to return and many foreign manufacturers would want to come to the USA to seek tax shelter. This would increase jobs here in our country.
For more information on the Fair Tax you can go to www.fairtax.org.
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David Gress is a 70 year old Vietnam Veteran and he lives in Florida. He beat cancer but now he is battling MDS.
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This guest post was submitted in response to my query about how the best way to deal with the current economic situation. This post does not necessarily reflect my thoughts and feelings.
Your comments and reactions are, of course, appreciated. Just play nice. I have standards. And I don’t want to have to delete you.
