Comments on: How long to you think the rich are going to float the bill before they leave the US with their money? #2 ? http://www.1fitnessblog.com/fitness-tools/how-long-to-you-think-the-rich-are-going-to-float-the-bill-before-they-leave-the-us-with-their-money-2 All You Need To Know About Fitness Sat, 13 Mar 2010 19:05:59 +0000 http://wordpress.org/?v=2.5.1 By: motivation http://www.1fitnessblog.com/fitness-tools/how-long-to-you-think-the-rich-are-going-to-float-the-bill-before-they-leave-the-us-with-their-money-2#comment-4294 motivation Wed, 28 Jan 2009 05:15:59 +0000 http://www.1fitnessblog.com/fitness-tools/how-long-to-you-think-the-rich-are-going-to-float-the-bill-before-they-leave-the-us-with-their-money-2#comment-4294 its a free country , but that doesnt mean they should be free to take their business overseas. if their income doesnt benefit their country of citizenship then it should be illegal.<br><b>References : </b><br> its a free country , but that doesnt mean they should be free to take their business overseas.

if their income doesnt benefit their country of citizenship then it should be illegal.
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]]> By: Buck Ofama http://www.1fitnessblog.com/fitness-tools/how-long-to-you-think-the-rich-are-going-to-float-the-bill-before-they-leave-the-us-with-their-money-2#comment-4293 Buck Ofama Wed, 28 Jan 2009 05:09:59 +0000 http://www.1fitnessblog.com/fitness-tools/how-long-to-you-think-the-rich-are-going-to-float-the-bill-before-they-leave-the-us-with-their-money-2#comment-4293 Not very long. We could bring them all back home AND $12 trillion in offshore accounts with the FairTax Act. H.R. 25 For those who don’t know about the FairTax, a little background: The FairTax Plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax on new items only, a rebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement, and, through companion legislation, repeal of the 16th Amendment. This nonpartisan legislation (HR 25/S 1025) abolishes all federal personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them with one simple, visible, federal retail sales tax – collected by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend, not on what we earn. It does not raise any more or less revenue; it is designed to be revenue neutral. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system. More details can be found at www.fairtax.org The income tax equation is income- taxes-compliance dollars = spending The Fair Tax equation is income = spending + taxes+ compliance dollars, so here we are taxed as we spend and keep the compliance costs http://wethepeople.org/wpblog/?tag=the-fairtax-act<br><b>References : </b><br> Not very long. We could bring them all back home AND $12 trillion in offshore accounts with the FairTax Act. H.R. 25

For those who don’t know about the FairTax, a little background:
The FairTax Plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax on new items only, a rebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement, and, through companion legislation, repeal of the 16th Amendment. This nonpartisan legislation (HR 25/S 1025) abolishes all federal personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them with one simple, visible, federal retail sales tax – collected by existing state sales tax authorities. The FairTax taxes us only on what we choose to spend, not on what we earn. It does not raise any more or less revenue; it is designed to be revenue neutral. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system. More details can be found at http://www.fairtax.org
The income tax equation is income- taxes-compliance dollars = spending
The Fair Tax equation is income = spending + taxes+ compliance dollars, so here we are taxed as we spend and keep the compliance costs
http://wethepeople.org/wpblog/?tag=the-fairtax-act
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