Why I Support The Fair Tax.

Why I Support The Fair Tax.

First of all I ask how you would like to get 100% of your pay check and every month the government will send you a check based on your family size. That you will never have to file a tax return and you can say so long to the IRS. Next put into effect a system that would create a tax haven for US companies that will make the products we export over seas less expensive. This makes our products more competitive. Which in turn would bring more jobs to this country? Oh I can’t leave out the so called evil rich; you know the ones who supply the jobs, they will end up paying more in taxes. Does this sound good so far? If so please read on.
What I am talking about is a consumption tax. First of all this is not really a new tax, all it is doing is replacing the imbedded tax we now pay in everything we buy. Imbedded you say what imbedded tax are you talking about. Let me explain. All taxes now paid by companies are hidden in the products we buy every day. That amounts to about 22% of the cost we pay for everything we buy. Every time the government raises the tax on corporations they in turn add those taxes to the products they sell.
When the farmer sells his products to the manufactures he is taxed, when the manufactures sell the products to retailers they are taxed and when the retailer sells the products to us the consumer they are taxed again. All these taxes are added to and hidden in the price we pay for the final product. These are the imbedded taxes we pay.
Have you looked at the percentage of income tax and payroll tax you pay every year? The average American pays about 33 percent or 33 cents on every dollar. How much do you spend every year to have your taxes done? According to the Tax Foundation we spend about $300 billion a year to have our taxes done. That’s $300 Billion! Don’t you think that money is better in our pockets?
Have you thought about the people who don’t pay taxes now? You know the ones the illegal aliens, the drug dealers and other crooks. They will now be paying taxes. Think about it. Wow everybody pays.

David Speckhardt Sr.



Reference:
The Fair Tax Book
The Fair Tax the Truth
www.taxfoundation.org/