Taxes

Filed under:Our Money — posted by Q Ball on 5/2/2008 @ 12:47 am

Plato wrote: “Where there is an income tax, the just man will pay more and the unjust less on the same amount of income.”

I have recently become aware of the FairTax, a proposal to eliminate our current system and replace it. As I learn more about the details I can not help but be in favor of it. Most people in this country don’t realize the amount of money that the government takes from them. The FairTax would create a system of a consumption tax, which means the only taxes paid would be on goods and services rendered at the retail level. This is an incomplete description however and I implore anyone reading this to check it out for themselves and to not dismiss an idea that has the potential to increase the prosperity of this country.