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Welcome to SportTrac.Org
Off Topic Discussion
Vice President Dick Cheney accidentally shot............................
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<blockquote data-quote="TrainTrac" data-source="post: 589439" data-attributes="member: 55399"><p>Thanks, R Shek. You just showed exactly why the Fair Tax needs to be passed.</p><p></p><p></p><p></p><p>The Fair Tax Act of 2005 is currently before Congress. It abolishes all current income-based taxes, specifically the: </p><p></p><p></p><p></p><p>* Individual income tax</p><p></p><p>* Alternative minimum tax (AMT)</p><p></p><p>* Corporate and business income taxes</p><p></p><p>* Capital gains tax</p><p></p><p>* Social Security tax</p><p></p><p>* Medicare tax</p><p></p><p>* Payroll tax</p><p></p><p>* Self-employment tax</p><p></p><p>* Death tax</p><p></p><p>* Gift tax</p><p></p><p></p><p></p><p>See what the federal tax system is really costing you with one of the most up to date papers: <strong>www.fairtax.org/pdfs/Tax_compliance_facts.pdf . </strong></p><p></p><p></p><p></p><p>Here is an interesting study, just issued, from the Joint Economic Committee which says that the income tax hinders capitol formation and that a consumption tax is the way to go. There are many good citations and references. Take a look. </p><p></p><p></p><p></p><p><strong>http://www.house.gov/jec/publications/109/02-08-06captax.pdf </strong></p></blockquote><p></p>
[QUOTE="TrainTrac, post: 589439, member: 55399"] Thanks, R Shek. You just showed exactly why the Fair Tax needs to be passed. The Fair Tax Act of 2005 is currently before Congress. It abolishes all current income-based taxes, specifically the: * Individual income tax * Alternative minimum tax (AMT) * Corporate and business income taxes * Capital gains tax * Social Security tax * Medicare tax * Payroll tax * Self-employment tax * Death tax * Gift tax See what the federal tax system is really costing you with one of the most up to date papers: [b]www.fairtax.org/pdfs/Tax_compliance_facts.pdf . [/b] Here is an interesting study, just issued, from the Joint Economic Committee which says that the income tax hinders capitol formation and that a consumption tax is the way to go. There are many good citations and references. Take a look. [b]http://www.house.gov/jec/publications/109/02-08-06captax.pdf [/b] [/QUOTE]
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Off Topic Discussion
Vice President Dick Cheney accidentally shot............................
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