There is the problem of what to do with the millions of illegal aliens that the administration refuse to deport, and the problem of how to get the government's nose out of people's private business affairs.
Happily, the Fair Tax takes care of both problems with one fell swoop.
Imagine a world where the IRS is no longer looking over your shoulder checking to see what you earn, how you earn it, how you spend it, who you deal with in your business.
Fantasy you say?
No, the Fair Tax (HR 25, S 1025) abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities. Further, it provides a "prebate" to ensure no American pays federal taxes on spending up to the poverty level.
That last provision is the key to pressure illegal aliens to voluntarily deport, at least some of them. To obtain the prebate, one needs to have a valid social security number, and a valid, corresponding address. Therefore, illegal aliens will be paying taxes on all they consume, but will not get a prebate. And it's not an insubstantial amount; an individual illegal will spend $2,348 more per year for just basic necessities than someone with a valid SSN. An illegal couple with two children would spend $6,297 more per year on basic necessities.
Though that economic burden may not affect some illegals, I think it would compel many to rethink their decision to stay here.
For further information, see: www.fairtax.org
To calculate how much you would benefit when the Fair Tax is initiated, go to:
http://www.fairtax.org/PDF/FairTaxCalculator.xls
Saturday, September 8, 2007
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