More Evidence Making the Fair Tax a Logical Solution

I don't know how many of you check PolitiFact.com or see their articles in the newspaper, but I just ran across one of their articles about a statement Senator John Cornyn from Texas made that they ranked True or Mostly True. Apparently as true as you can get on their 'truthometer.' The statement: "Fifty-one percent, that is, a majority of American households, paid no income tax in 2009. Zero. Zip. Nada."

Read the article, but the part the really pisses me off is the part where 30% actually got money back from the government in 2009!!! Are you kidding me. No wonder we're in debt up to our great grand children's' ears. And I'm still young. Granted it goes on to say that appears to be a high for not paying income taxes but the projects for 2010 is 49.5% and for 2011 46.4% That's ridiculous! If the tax code didn't piss you off before, it should now.

I will bring up the Fair Tax again. The fair tax eliminates this ridiculous income tax that apparently only applies to half of the population, my family included. It replaces it with a national sales tax much like several states have in lieu of an income tax. That means everyone that shops in this great country of ours pays taxes. Legals, illegals, residents, visitors, rich, middle-class, poor. There's a provision to pre-bate the tax for food necessities to everyone. Hence the fairness factor. It doesn't discriminate against anyone. If you are receiving government assistance, you are at least paying some of it back when you spend. If you are rich out the wazoo and spending like a kid in a candy store, then there are no loopholes to keep you from paying taxes.

This takes the level of households taxed from 50% to 100% of the people in this country at any given time. So why can't democrats and republicans agree on this? Because they are both filled with power hungry politicians who realize that the fair tax takes some power away from them. Self-righteous sons of bitches!!!!

You should first read up on the Fair Tax and then write your representative and your senators and let them know you want them to support the Fair Tax.

Swiss Banks Strike a Deal With the U.S. Government

http://www.huffingtonpost.com/2009/08/12/us-swiss-cement-deal-on-s_n_257496.html

I'm not sure how many of you know about this or even care about this, but basically speaking we all know that people have been able to move money to Swiss bank accounts in an effort to protect their assets from tax policies that would be levied against them by holding them here in America. Basically the deal involves Swiss banks revealing the records for 52,000 Americans suspected of nearly $15 Billion in assets be held in Swiss banks and not American banks. Obviously the plan is to penalize them by levying heavy fines or taxes or whatever against them to help raise money for the government and sticking it to the "evil rich" on behalf of us little people.

I have 2 points to make. First, what to you want to bet that certain politicians and/or the associates in their back pockets are NOT on that list?

Second, are we not concerned about the American economic policies that are causing these people to send $15 Billion overseas? So you fine them for "not paying taxes" or whatever, but do they have to bring that money back here? Wouldn't it be better if that $15 Billion had been in American banks this whole time stimulating the American economy? And is fining them going to make them want to bring their money back here? While I completely disagree with dodging taxes, we have tax policies that encourage finding loopholes. Here's an unoriginal thought, fix the economic and tax policies that cause them store their money elsewhere. Be the tax haven that they want to encourage them to invest in their own economy. That money staying over here will do more to stimulate this economy than bailing out corporations and banks.

The Fair Tax is one solution, but I'm sure there other solutions that would keep power in the hands of the politicians (insert sarcasm because decreased politician power is why the Fair Tax won't pass), while being a tax haven that encourages investment in the American economy.

What's your take?