Unfortunately, I can no longer link to the individual letters without making the whole on-line adition avaialable to non-subscribers.
Anyway, you will want to read Councilwoman Hase' letter on the St. Marys senior citizens' property tax exemption writtne in rebutal to Councilman Sydney Howell's letter published Wednesday.
Remarkably, Bob Nutter has written a letter in support of The Fair Tax which I agree with 100%.
Apparently, he reverts to his Bob Nuttier persona only on environmetal issues.
Lastly, there is a letter to Rep. Cecily Hill from the mayor of one of those towns that, according to wing-nut opponents of the proposed Exit 6 mega mall, was royally screwed by the company that will build it. The mayor takes a decidedly opposite view of the developer.
Friday, April 16, 2010
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4 comments:
Somehow, taxing the bare necessities of life, while protecting the assets accumulated and sequestered by stealth for free, hardly seems fair.
Obviosly, you have not read the book, "The Fair Tax."
The federal income tax and all other fedewral taxes would be replaced by one consumption tax of, let's say, 15%. There would be no more IRS, no tax filing, and no deductions or exemptions.
All purchases would incur a federal sales tax of 15%.
However, the federal government would determine how much an individual or family needs to spend in a year to maintain a minimally decent lifestyle.
Let's say that at the year of inception of The Fair Tax, the governement decided that theat level for a family of four was $40,000. That's $40,000 that you woild actually have to spend on the necessities.
The 15% federal sales tax on $40,000 would be $6,000.
At the beginning of that year, the feds would send every family of four in America, regardless of their income ( including no income) a check for $6,000 to cover the 15% sales tax on $40,000.
So, a family of four making exactly $40,000 and spending it all would have no net federal taxes to pay. On the other hand, if a family of four made $400,000,
the feds would spend them the same $6,000 to cover the taxes on their first $40,000 of expenditures. On any expenditures above $40,000, they would pay the %15 federal sales tax out-of-pocket.
However if our family of four earning $400,000 saves or invests $100,000 annually, they are not taxed onthat principal or on the interest earned thereon until such time as they actually spend some of it.
Or, as our speciman leftist Hannah would say, there would be no federal taxes on assets "accumulated and sequestered by stealth."
States would still be free to tax in whatever way they saw fit. Hopefully, they too would go to a fair tax.
I have experienced a wealth of untapped patience unknown to me simply by establishing one simple rule for myself. It is this: If you choose NOT to expect others to do the right thing, then you will never be disappointed. Instead, focus on those people who do good in the world as to keep blood pressure low:) I have had similar experiences and I just look at it as God working patience in me as well as working judgment out of me. These situations ARE frustrating, BUT, I have found that the sooner I conquer whatever is bothering me about a negative episode of this kind, the less I encounter them. Next time, try to focus on the flickering fluorescent light above:)
Ohhkay. And this relates to what how?
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