Subject: Simplify taxation with the FairTax Comment: Dear Tax Panel: First off I want to say thanks for your hard work and dedication as you consider/evaluate/discuss various tax reform proposals. Our current tax system is corrupt, abusive, wasteful, unfair, and oppressive. It doesn't need a "minor adjustment" - it needs to be transformed. As you evaluate tax proposals, I encourage you to recommend the Fairtax Plan (HR 25/S 25). This plan treats everyone the same (no 'special' treatment), it untaxes the poor by providing a monthly prebate, and the amount of tax you pay is determined by what you spend. This type of taxation was preferred by our Founding Fathers; it encourages saving and investment and will help our economy to greatly prosper. Our current tax system costs our nation between 150-300 BILLION dollars per year. This does NOTHING to help our economy, provide jobs, or pay down the national debt. It is just dead weight - like throwing our money out the window. In addition, our trade deficits are HUGE. All U.S. products contain an average of 22-26% embedded taxes. This makes them cost more to families, businesses, and especially to world clients. Since U.S. products are more expensive with embedded tax, more products are purchased from China, Mexico, India, etc. Our current tax system is complicated and corrupt. The average individual return takes more than a whole day to complete and has many pages of complicated information. Many people have to use a computer program or hire a tax preparer just to make sure they don't mess up and have to pay egregious penalties! Also, tax lobbyists have grossly corrupted our tax system and make TONS of money off the American people. This is unconscionable. The FairTax plan is needed relief. No more hidden taxes. No more payroll taxes. No more income tax returns. No more wasted billions by having a large IRS and tons of tax forms. Less environmental waste without all that paper. No more 'gaming' the system by special interests. Under the Fairtax, the tax burden is spread out more broadly so everyone can pay less. In addition, tourists, illegal aliens and underground income will be taxed. Many leading economists support the Fairtax plan and have shown that it could greatly help our economy. One last benefit of the Fairtax: it provides a larger and more stable source of revenue for both Social Security and Medicare. These programs are a HUGE drain on the national budget and are in big financial trouble. Under the Fairtax these programs could more easily be continued with adequate funding. Please evaulate the FairTax plan and recommend it to the president in your proposal. Imagine what would happen to our economy if workers got to keep their whole paycheck, they didn't have to pay tax on their savings, investments, or Social Security, and there were no more tax returns! Awesome, huh? :) Thanks and God Bless your efforts. |