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What would be real reform?

Posted By Donald Koop, Tuesday, March 6, 2018

Real reform would be something that is simple, fair, durable, fiscally-responsible, and safe: A consumption tax!

It's as simple as can be.  Many of us do it all the time at the state and local level.  Buy the item, pay for it plus the tax, and be done with it.

It's fair because there are no winners and losers.  All pay the same rate anonymously.  Some claim this should not be the case and there are ways to moderate the tax rate to assist lower income families.

It's durable because it would greatly reduce one of the primary sources of bills filed in Congress: those aimed at modifying the tax code in some way.  These changes are often to satisfy the desires of lobbyists to advantage their clients.

It's fiscally-responsible because it costs relatively little to collect it.  A giant IRS is not required.

It's safe because there are no pre-payments (“withholding”), nor returns with payments and SS numbers, nor refunds of over-payments, all available to be stolen.  And no calls threatening fines for “non-payment.”

Now you know the “what;” in my next blog I describe “how.”

The views expressed in this blog are my own and do not necessarily reflect those of Americans for Fair Taxation.

Tags:  Consumption-based tax  Tax reform 

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Randy Fischer says...
Posted Wednesday, March 7, 2018
The evasion of the income taxes, payroll taxes and investment taxes remains the 1000 pound Gorilla in the corner of the room that Congress in particular will not discuss. It is not going away. It is and will get much worse in the coming decade. We need to be showing how effective FAIRtax would be in collection processes. Here is the link to the Estimated Future Tax Evasion Under the Income Tax summary on the FAIRtax website  p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; color: #e4af09} span.s1 {color: #000000} span.s2 {color: #454545} span.s3 {color: #e4af09} 
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