Actions for Freedom

Conversations on more than 50 actions to expand freedom in the United States

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Taxes

Tax replacement for greater efficiency, fairness, and growth.

Members: 8
Latest Activity: Sep 19, 2015

We need to replace the present tax system

Americans spend more on taxes than on food, clothing and shelter combined.

The top 5% of earners pay 60% of federal individual income taxes and earn 37% of the income. The bottom 50% pay 3% of the taxes and earn 12% of the income.

We need to tax consumption rather than work.

We should not tax any household below the poverty line.

We should eliminate the 72,536-page tax code which changes more than once a day.

The corporate income tax is so complex, American businesses may spend 89 cents preparing their taxes for every dollar they pay in 2009 in taxes.(American Taxpayers Union)

Be sure to see the Blog,  Are You Pro-IRS or Pro-FairTax?

Be sure to see my YouTube video, First, Why We Need a FairTax. (10,044 views)

Be sure to see how you are being taxed by the Federal Reserve.

Discussion Forum

FairTax Would Help NonProfits

On February 14, 2013, Leo Linbeck, Jr., Chairman and Co-Founder, Americans for Fair Taxation, filed a 10-page Statement for the Record with the Committee on Ways and Means of the U.S. House of…Continue

Tags: nonprofit, charity, tax, FairTax

Started by Daniel Dyer Mar 2, 2013.

Pro-Growth Agenda for Pockets of Poverty

Arthur Laffer (Wall St. Journal Opinion, Feb. 9, 2013) would establish enterprise zones where disincentives to work and to hire, leading to marginal tax rates as high as 100%, would be eliminated.…Continue

Tags: enterprise, growth, welfare, FairTax, poverty

Started by Daniel Dyer Feb 9, 2013.

80 Economists send Open Letter to the President and Congress

80 economists have written "An Open Letter to the President, the Congress, and the American people Concerning Reform of the…Continue

Started by Daniel Dyer Oct 6, 2012.

The FairTax would displace income tax compliance costs now estimated at $431 billion

On April 14, 2011 The Laffer Center reported its "estimate that U.S. taxpayers pay $431.1 billion annually, or 30% of total income taxes collected, just to comply with and administer the U.S. income…Continue

Tags: income, IRS, compliance, tax, fair

Started by Daniel Dyer Apr 18, 2011.

Comment Wall

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Comment by Daniel Dyer on June 25, 2014 at 1:01pm

Medtronic Inc., one of the world’s largest medical device companies, is moving from the USA to Ireland to reduce its corporate tax rate from America’s 35 percent rate to Ireland’s 12.5 percent rate. Medtronic recently acquired Covidien for $42.9 billion.

Comment by Daniel Dyer on April 19, 2014 at 10:30am

This three-minute video gives the seven features the tax system should have.

Comment by Daniel Dyer on February 16, 2013 at 8:42am

Tax lobbyists in Washington, D.C., outnumber elected officials by 32 to 1.

Comment by Léa C. Park on April 23, 2011 at 3:16pm

Check out the White House's "Tax Receipt" application: http://www.whitehouse.gov/issues/taxes/tax-receipt

I plugged in my own numbers, and got an accounting of how my income tax payments are being spent.  Defense and Health Care were at the top of the list,  Interest on the national debt was at the bottom, at least for now.

Comment by Christopher Mullaney on October 23, 2010 at 5:34pm
I live in Connecticut, one of the most costly states of the union in which to live.
I find that about 44% of my gross income goes to taxes. That is all taxes, federal, state and local. My income is less than $200K.
When I looked up the taxes others paid I found that those making substantially more than I were paying a much smaller percent of their gross income to taxes. For example one family who’s income was over one million dollars per year calculated his tax burden at only 38% of his income and another family who’s annual income was over $3 million calculated their tax at 34% of their gross.
I read that about 90% of the wealth of this country is held by 5% of the populous.
I think that with such a large gap between the have’s and have-not's creates a situation where there is too much temptation to steal. Witness the huge crimes we hear about on wall street such as Madoff and others and the corporate cheats of ENRON. Then the minor crime waive on our local streets.
My solution is to tax us all according to our ability to pay as well as our consumption (ie. income taxes, sales taxes and property taxes) but don’t use the tax codes to micromanage the economy. Stop the corporate gifts congress seams to give to the oil companies, pharmaceutical giants, huge farm subsidies to agribusiness's and tax abatements to induce corporations to relocate to a particular area ect.
I happen to agree with the present administration’s attempt to roll back some of the tax relief given to the wealthy. After all it’s only a 3% increase for those families who’s income is over $500K.
The other solution is to stop spending money to unworthy causes.
Comment by Daniel Dyer on May 29, 2010 at 11:12am

The Washington Post, January 7, 2012 has an excellent article explaining why the carried interest earned by money managers should be taxed as income rather than capital gains.


The House passed a bill on May 28, 2010 to tax the compensation paid to general partners who manage venture capital and investment funds as wages (35%) rather than as capital gains (10%). The limited partners who actually make the investments will continue to pay gains at 10%. The House bill plugs a serous loophole in the taxation of wages and the Senate should go along with it. The lobbyists are now hard at work on the Senate to whittle down the plug for the hole. With more time, the entire issue could be eliminated by enacting the Fair Tax.

Comment by Daniel Dyer on May 27, 2010 at 12:28pm
"...increasing international and capital mobility means that the potential economic harm from higher taxes is also becoming larger." (Jagadeesh Gokhale, p. 6, Cato's Letter, Spring 2010)
Comment by Daniel Dyer on May 26, 2010 at 7:47am
Taking the position that Washington has a spending problem, not a revenue problem, Rep. Joe Pitts (R., PA) and 154 House Republicans wrote to the president's debt commission May 20, 2010 opposing the value-added tax.
 

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