Fair Tax and Huckabee

[strandinthewind]

I am all for the Fair Tax, though I hate the name

Here is some info.

http://www.fairtax.org/site/PageServer

which states:

What is the FairTax plan?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

The FairTax:

Enables workers to keep their entire paycheck
Enables retirees to keep their entire pension
Refunds in advance the tax on purchases of basic necessities
Allows American products to compete fairly
Brings transparency and accountability to tax policy
Ensures Social Security and Medicare funding
Closes all loopholes and brings fairness to taxation
Abolishes the IRS

Pros and Cons here

http://en.wikipedia.org/wiki/FairTax

I cannot tell you how many people I know who do not work for salaries and/or supplement their salaries with cash income that never gets taxed. That sucks and there is no way to catch that. So, I say the fair tax is the way to go because everyone pays for what they consume and there is a built in stipend for the poor and needy.

Huckabee supports this platform, which makes me almost like him.

Imagine having NO IRS

Imagine keeping your entire paycheck

Imagine the govt. giving you a stipend ahead of time

Imagine anyone who is able to pay tazes paying their fair share

Sounds like Nirvana to me