The 16th amendment calls for an establishment of an income tax. This happened in 1913 and at that time, the politicians promised that only the rich would be taxed. It was an annual tax on everyone who made over $4,000 ($50,000 in today’s economy). I remember my dad talking about the first time he had to pay income taxes and he was by no means rich. It wasn’t long before the politicians decided everyone must pay. They used as an excuse WW11, and started withholding the taxes from paychecks. When the war was over they just never got around to going back to annual collection of taxes.
There has been much discussion about whether the 16th amendment should be repealed before or after the enactment of the FairTax. The consensus is to put the FairTax in place and give it time to show how well it works; then repeal the 16th amendment. Even the most conservative studies predict tremendous growth under the FairTax. Growth that will eliminate our deficits and put Social Security and Medicare on solid ground – no more worries that upon retirement, we will have no way of collecting our retirement pay and medical benefits that we have paid for all those years while working. And think of the personal peace of mind that comes from no record keeping, no reporting, no filing, no audits, no federal tax collector lurking around.
I say “get on with it”! Let’s make those politicians listen to us for a change, not the greedy lobbyists or their greedy co-horts. Let them listen to the people for a change. Tell your congressman to sign on as a co-sponsor of the FairTax and get that bill rolling towards victory!
Go into www.fairtax.organd sign the petition. Write to your congressman. Go out and speak at meetings on the FairTax. Start a Blog. Do something, or we will wake up one day all taxed out!
Betty W. started a FairTax blog yesterday. Check it out at: http://fairtaxfocus.blogspot.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment