Great insight Sqrl. This is why a fairer tax system is needed. I have never been employed by a poor person. If we drive the "filthy rich" to leave because they perceive, and rightly so, that they are being "milked dry"/"Ridden hard and put up wet"/"Treated unfairly" then who will we tax next? Where will the jobs come from?
I work for a small business and the owner isn't rich. We aren't doing as well as we would like. But under the FairTax they would not be under the burden of matching my Social Security contributions or paying other hidden taxes. My company wouldn't pay any taxes for employing me at all. That would free up capital to Advertise, give me a needed pay raise, and/or lower costs to bring in more new clients.
Consider also this. You are currently under the FairTax. You don't have to worry about filing a 1040A, 1040, 1040EZ, or any kind of tax return form for the IRS (which would not exist). You simply take home every penny they earn and spend it the way you want to and where you want to.
Now some slick politician tells you about a great plan for tax reform.
You ask him "What kind of plan?"
He says that he will abolish this UNFAIRtax and replace it with an income tax.
You ask for more information.
He tells you that it is really easy and all you have to do is file a claim every April the 15th with a new agency that will have the power to seize your assets called the IRS. He further explains that you can get all these "Tax Exemptions" and "Tax Credits" that will count against your tax bill every year.
You ask how the tax will be collected.
He tells you that it will be collected before you even know it is gone. It will be taken out of your paycheck before you get paid every week or two. He further says that the "evil corporations" will be taxed as well and there will be all sorts of new taxes like the capital gains tax and the estate tax.
Now since you live under the FairTax would you switch to our current system?








