Monday, August 3, 2009

MORE ON GIVING "INCOME" TAX THE BOOT!

By Roni Bell

Since "income" tax is the main reason most policies either come into being - and or are structured, why don't we demand it end, and demand a transitioning in an Equitable Consumption tax?
Every individual - regardless gender, politics, etc. I've presented this to has enthusiastically embraced it.
In brief, here's the concept to "End income tax and transition in an Equitable Consumption tax."
Design a software program whereas cash, check, debit/credit card receipts would be automatically ajusted, and say 17% EC tax withdrawn and sent directly to STATE. The retailer would NEVER be placed in the hideous position of being a "tax collector."
Each State would have its own agreement with Federal as to how much they'd send to Federal for Federal's purpose of handling the Constitutional design of Federal, and that is ONLY our By (sky-high-water) Ways - International Defense and International Trade!
States would enjoy a higher yield on collected money, for they would not incur D.C. routing "travel fees."
States would justly enjoy the return of states rights, and handle the needs (like education/medical/welfare/roads) unique to their state.
Each person who sets foot on U.S. soil would be a participant in the re-building of America. Illegal immigrants, tourists, drug dealers, hookers - everyone, would pay taxes each time they purchased something.
Each person who earns their living in America - would be able to keep their paycheck, thereby budget their own money, and therefore deal with the "known" as opposed to the un-known of never knowing what the hell the IRS would withdraw.
This would free-up the countless hours and money employers spend on payroll tax. This money could be put into production growth to meet the newly realized interest in purchasing products.
Medical (prescribed by a physician) products should be exempt. That alone would correctly eliminate federal dabbling in health care...I.e. universal health care.
Presently - well meaning honest citizens are criminalized just because they make a mistake on one of the thousand finite detailed tax code. I knew a gentleman who made his living selling catalog sized "updated tax laws" to CPA's. The way income tax is structured today, no-one can fill out their own form without fear of making a mistake. This is beyond absolutely WRONG!
We can begin by asking each incumbent and candidate for public office, "Will you let me keep my paycheck?"
PS: I'll wager a bet that any candidate/incumbent - regardless their party affiliation - who runs on the platform of an Equitable Consumption tax - will win!

2 comments:

Editor said...

Since we've given so much to these groups (via federal government grants) that means we're now shareholders.
Therefore, here's my list of some of the items to be requested to review, as stockholders:
1. Annual Report Pursuant of the Securities Exchange Act of 1934, including
Risk Factors
Legal Proceedings
Submission of Matters to a Vote of Security Holders
Market for Registrant's Common Equity, Related Stockholder Matters and Purchases of Equity Securities
Financial Data, Financial Statements, and Supplementary Data
Management's Discussion and Analysis of Financial Condition and Results of Operations
Controls and Procedures
Directors, Executive Directors, and Corporate Governance
2. Notice of Annual Meeting of Stockholders and Proxy Statement
3. Prospectus
4. IRS Tax Form 1099
I think we'd need some advice from a damn good CPA and or Investment firm, or attorney.

Mary

Editor said...

Good questions, Roni.

Since we, the taxpayers, have paid millions of $'s and therefore have a vested interest in The Nature Conservancy, the Sierra Club, General Motors, the banks, the credit card companies, etc., are we considered stockholders? If so, wouldn't we have some voting rights or something to say on how these businesses are run? Let's turn the tables and put some pressure on them.
Mary