How would you like to keep one hundred percent of everything you earn? That is one hundred percent of your paycheck, your savings interest, your inheritance, your winnings and any money given to you from a benefactor. How much would you like never to have to worry about tax laws, deadlines, audits, penalties and punishments? Imagine a world where April 15 is just another day of the yearwont that be wonderful?
It will soon come to pass. Some day in the not so distant future we will all benefit from the passage of the FairTax Plan (HR 25/S 25). Once this piece of legislation becomes law the United States will experience an economic escalation that is unprecedented in history. Imagine the cost of living actually moving downward! Envision fuel prices falling and the prices for everyday consumables lowering back down to sixties proportions. How about being able to have mortgage companies actually compete with low prices against each other?
With the FairTax in place we will see incredible job growth. There will be hundreds even thousands of jobs that foreign companies will be bringing back to America. It will be poetic justice when Asian companies start building call centers all over the USA. Well see Japanese, German, Chinese and even Mexican manufacturers moving into the USA to save huge sums of money while providing Americans with jobs-a-plenty.
Our farmers will actually be able to cultivate their lands knowing full well that their family business will stay in the family and not be sucked dry by the banks. There wont be any need for tracking thousands of expenses just for tax purposes. When the patriarch passes away his family will be able to keep the farm because there wont be anymore inheritance taxes. In fact, farming will become highly profitable again.
The FairTax will equally lessen crime and make criminals pay taxes from their illegal income for the first time ever. Because when crooks buy with their ill gotten gains theyll be paying taxes on their purchases. For the first time ever, illegal aliens will also pay taxes despite their under the table cash income. Most of the lobbyists on Capital Hill will have their power brokerage decreased because tax favors will no longer be used to garner corporate political clout.
I have just touched the surface on all the inconceivable benefits that are going to be reaped once we make our political leaders realize that we want and need the Fairtax. The United States was always the worlds model for economic prosperitythat was up until the mid to late 1990s. Then somewhere in that decade we fell behind several other nations. With the FairTax enacted, we will once again become the worlds economic trend setter and employment magnet.
This is the first in a series of FairTax articles that I will be writing. In each of the subsequent articles Ill focus more on informing you with better detail about the FairTax benefits. If you would like to know everything about (HR 25/S 25) in advance then please go to the Americans for Fair Taxation website. There you will find tons of stuff and highly important political information on how we can all persuade our representatives into enacting the FairTax Plan. |
