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Originally Posted by RidinHighSpeeds What do you think about the flax tax?
If your not sure what this is...it would help eliminate the income tax where you only pay taxes on things you buy. And you can rebate the taxes on things like clothes, food, mainly necessities. So basically the more you spend, the more taxes you pay. The more you save, the more money you keep (goverment does not have their hand out).
The big plus for this is other countries would have to pay this tax as well when they are buying goods or trading with the US. After much research, 100s of billions of dollars can go to the US paying off Social Security and the big debt we have had for decades.
More information here: http://www.fairtax.org/
Good video to watch on this tax system: http://64.105.60.195/video/Hastert.wmv |
It says, at the Fair Tax Website: "The current Federal income tax system is broken."
It's not broken; it's the people that are broken. Most folks don't really know what the federal "income tax" is. It has been declared, by the Supreme Court of the United States, that the federal income tax is an excise tax. Mr. Justice William R. Day, delivering the opinion of the United States Supreme Court, explained what an excise tax is: "Excises are "taxes laid upon the manufacture, sale, or consumption of commodities within the country, upon licenses to pursue certain occupations, and upon corporate privileges." Cooley, Const. Lim. 7th ed. 680 ...the requirement to pay such taxes involves the exercise of privileges,..." -- Stella P. Flint v Stone Tracy Company 220 US 107, 151, 152 (1911)
It is recorded, in the Congressional Record: "The income tax is, therefore, not a tax on income as such. It is an excise tax with respect to certain activities and privileges which is measured by reference to the income which they produce. The income is not the subject of the tax: it is the basis for determining the amount of tax."
Chief Justice Edward D. White, delivering the opinion of the Supreme Court of the United States, and quoting from a previous case, stated: "In the matter of taxation, the Constitution recognizes the two great classes of direct and indirect taxes, and lays down two rules by which their imposition must be governed, namely: The rule of apportionment as to direct taxes, and the rule of uniformity as to duties, imposts and excises." -- Pollock v Farmers' Loan & Trust Company 157 US 429, 557 (1895) Brushaber v Union Pacific Railroad Co. 240 US 1, 13 (1916)
The Congress was never granted the power to lay a direct tax upon the inhabitants of the States.