Sunday, July 31, 2011

HR25; Fairtax gets a hearing

My Loyal Readers, all three of them, know that I support elimination of the income tax. We all know that the tax is unfair and subject to corruption at any level. I would prefer a simple national sales tax without any frills. After all, just look at how many states operate that way. If I had to, I could live with a flat income tax. A flat tax still leaves a lot of room for blatant violations of taxpayer rights. It still leaves room for corruption as well. But, it beats what we have now.

This last Monday the House Ways and Means Committee finally, after only about a decade, got around to giving the Fairtax a hearing. This is a landmark event. Under the august leadership of Charlie "the taxman never cometh" Rangel, HR25 never got an even break. Even if this version doesn't get a vote it shows a bit of momentum.

If you read anything about politics you know that anyone who goes to DC is corrupt. I'm sure that some, if not all, either mean or meant well. But, the constant compromise and the seniority system pretty much ensure that no one can hold his or her ideals very high. And, taxes are the vehicle by which it happens. Consider if you will the sheer volume of the tax code. Consider if you will who benefits. Every break will help out someone. Every break can be translated into either money for campaigns or votes in November.

On the flip side we also know who suffers on this tax scheme. It isn't the super rich. Taxes to them are naught more than an expense to be managed. And, most of them pay capital gains taxes. It isn't the poor either. The poor do not pay taxes. Instead they are forced to publicly demonstrate every year that they don't have what it takes to succeed. It is the middle class that suffers.

We, the middle class, get to divulge every bit of our personal lives to the IRS. Our employer is required to verify how much we report as income. Just imagine a pissed off IRS employee with access to the last ten years of your life. They know where you live, where you work, how much you made or lost, when you got promoted or demoted. They also know if you rent or own your home, and how often you deal with doctors. If you give to charity, they know it. Can you say Identity Theft?

Anyone with a lick of sense can see that the tax code is broken. The same person can also see that denigrating a system that is already in use in most of the states of the union has to have an ulterior motive.

Take a look at the youtube video of the hearings. Take note of the guys that are most negative. Ask yourself what they have on the table that will go away if the income tax becomes history. I could live with someone being skeptical. I can understand how someone might not be well enough informed to understand just how much of an improvement this legislation is. I mean, it's not like this bill has been held up by this committee for ten years. It aint like there aren't several Fairtax books, best sellers, that break it down to the nuts and bolts.

There is such a thing as loyal opposition. But, I think what we are seeing now is opportunistic opposition. So, take this opportunity to look at people like Bruce Bartlett, Rep. Sandy Levin (D-Mich.), or Rep. Xavier Becerra (D-Calif.). Find out how they profit by the current system. Then, let them know that they are profiting via your quality of life.

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