The step-by-step guide for this can be found in the new ad by the Democrat Senatorial Campaign Committee against Saxby Chambliss. The ad says "Chambliss proposed adding a 23% sales tax to everything you buy" then it lists how much would be added to things you buy. They act like everything you are paying now in taxes will be the same and there will be this huge sales tax thrown on top of it.
While the proposal of a 23% national sales tax is true, they left out everything else in the "Fair Tax" proposal. First, this proposal GETS RID OF ALL FEDERAL INCOME TAXES INCLUDING FICA. That's right, no income taxes for individuals, including FICA, no estate taxes, no gift taxes, no capital gains taxes, no self-employment taxes and no corporate income taxes. The are all replaced with a sales tax so it is totally visible and you know how much you are paying in taxes. I guess, according to the DSCC, that will not matter to you or me. The best part of this is NO IRS. The other part of the proposal is a tax prebate given to every American household for 23% of the the poverty level income. It is a prebate because it is sent at the beginning of every year so low income households pay ZERO TAXES.
Can you imagine how fast the economy would pick back up with such an infusion of cash from all of us being able to keep what we make!
The most ridiculous part of this whole thing is the DSCC supports Jim Martin who has supported every tax increase proposed on Georgia citizens.
You really need to know the truth before you vote. Unfortunately many people will just base their votes on these commercials without investigating any further to see whether or not they are true.
And we wonder why we have a congress that just passed an $850 billion "bail out bill" that 74% of the American people were against.
Do some research BEFORE you vote so you are voting for the candidate who actually represents YOUR values.
For more info on the Fair Tax proposal visit http://www.fairtax.org/
Saturday, October 18, 2008
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