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The Fair Tax
Written by John   
Wednesday, 30 November 2005

Ahh, the IRS.  The bureacracy we love to hate.

It's actually a parasitic little bureau.  The progressive income tax as we know it costs our economy billions of dollars each year in time spent preparing, checking, and filing.  Corporations spend a HUGE portion of that money, which is ultimately passed on to the consumer - you and I.

That's right... businesses DO NOT pay taxes. 

Oh sure, they write a check to Uncle Sam, but the actual tax is then embedded into the cost of the goods or services that that company provides.  It becomes a "cost of doing business", and for the company to profit, this must be absorbed and passed on as a cost to the consumer.

Does that make sense to you?  I hope it does.  It's a very basic economic theory.  And the basis for a GREAT book!

The book that I'm talking about is "The Fair Tax", by Neal Boortz and Congressman John Linder.  Click below to order this wonderful masterpiece of simple logic online at Amazon.Com.  Ordering it here helps support this site!

 

And I read another great article about how the Income Tax and the IRS suck the life out of the American economy just yesterday, thanks to a link from BOORTZ.COM.

Here is the first bit of the article.  Click the title below to view the whole thing in a new window - your page to OUR site will stay open.

The Income Tax and How it Undermines the U.S. Economy

Chris Liakos

On one day every year, more money is spent by Americans than has been spent on the whole Iraq War. This day is not Christmas or Valentine's Day, or any such fun day as that. This day is April 15, the deadline for Income Tax filing. In case you missed it, filing your Federal Income Taxes is not nearly as fun as opening presents on Christmas morning. It's not even close. Not only is it not fun, but Federal Income Taxes are a huge drain on the American economy, to the tune of $500 billion in 2002, according to the Tax Foundation (Boortz 49).

 

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