Thread: Fair Tax HR 25
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Old 04-09-2006, 10:41 AM
sebrame
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Default Fair Tax HR 25

I was a member of CATS - Citizens for an Alternative Tax System - one of the founding entities for this type of tax. I now am vehemently opposed to it's creation. Why?

1 - It's �revenue neutral�. I don't want the government to continue receiving the same amount of revenue. I want the amount to be reduced. However, this point may be irrelevant, being that the amount of internal revenue does not even equal the amount of the service on our national debt. Any revenue needed for budgetary concerns is simply purchased from the Federal Reserve.

2 - I will pay more in taxes overall. Which do you think is a larger amount - 23% of every purchase that you make, or your income tax bracket's percentage of what you 'report' that you earn?
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