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Fair Tax Gains Steam

Here is a link to the latest rally for The Fair Tax.  The book was written by the talk show host Neal Boortz, himself a lawyer, and Congressman John Linder. Seems the latest version of the Fair Tax Bill has 60 sponsors.  Boortz claims that congressmen are getting asked at every town hall meeting in America. And he says Steve Forbes Flat Tax only has four supporters.

Everyone I have talked with says there is zero chance of such radical tax reform in our lifetime.  I don’t agree.  And with two brand new candidates in the next election. whoever they are, each may finally be looking for the one issue that wold put them over the top other than the usual stuff. This would be that issue-tax simplicity.  IF the exising tax system were scrapped, tens of thousands of CPAs and tax preparers would be out of a job, that of course is exactly the point. What would they do? What about all the students studying taxes in school now?  Well, who cares?

Oh be forewarned, Boortz is libertarian in his outlook, so you may be exposed to reading ideas like we can and should look out for ourselves, a revolutionary idea for either side of the aisle in Washington at this point.

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2 responses to “Fair Tax Gains Steam”

  1. April Y Avatar
    April Y

    I think this is an interesting idea, and after talking with you about it, a very feasible idea. I wouild actually perfer it because the amount of money taken out of my check every first and fifteenth pains me. Paying taxes on something I actually choose to spend my money on just makes more sense, and it would also eliminate the numerous loop holes found by some to get out of paying income taxes.

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  2. Dennis Elam Avatar
    Dennis Elam

    This is just the sort of gee you got me to thinking about that sort of post that the blog tries to elicit. April and I did talk about this. Everyone I visit with in the business of taxes tells me it is unthinkable that the current horrible tax system could be undone. Yet, those same folks just yesterday would have told you that Sears will continue to dominate retail sales and that AA is a bulwark of the Big Accounting firms. My point is that things do change, and in the case of companies like Kodak, K Mart, and Xerox, radically.
    It seems inconceivable that someone will not seize on radical change in the tax system as a political issue to draw attention to themselves.

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