FairTax Opionion - Jan 9.2008 - Reader comments at The New York Sun

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FairTax's Plausible Solution

Submitted by Joseph LeBlanc, Jan 12, 2008 01:46

Dear Ms Diana Furchtgott-Roth

Thank you for your positive "Opinion" of January 9,2008 on the FairTax possibilities and the impact it would have on each and every American.

I was beginning to wonder if all journalists and writers had the same genes as they wrote about how the FairTax would be detrimental to all of us.

Scholarly research tells us that...

*The FairTax rate of 23 percent, not the 30% you mentioned, on a total taxable consumption base of $11,244 trillion will generate $2,586 trillion dollars - $358 billion more then the taxes it replaces.
http://www.fairtax.org/PDF/Tax%20Notes%20article%20on%20FT%20rate.pdf

*The FairTax has the broadest base and the lowest rate of any single-rate tax reform plan.
http://www.beaconhill.org/FairTax2007/FairTaxBaseandRate3-15-07FINAL.pdf

*We taxpayers are presently paying almost $300 BILLION just complying with the tax codes! Who knows how many hours anguishing and burning the midnight hours.

*The economy as measured by the GDP is 2.4 percent higher in the first year and 11.3 percent higher by the 10th year than it would otherwise be.

*Over time, the FairTax benefits all income groups. Of 42 household types (classified by income, marital status, age), all have lower average remaining lifetime tax rates under the FairTax than they would experience under the current tax system.
http://people.bu.edu/kotlikoff/Comparing%20Average%20and%20Marginal%20Tax%20Rates%2010-17-06.pdf

*Disposable personal income is higher than if the current tax system remains in place: 1.7 percent in year 1, 8.7 percent in year 5, and 11.8 percent in year 10.
http://www.fairtax.org/PDF/MacroeconomicAnalysisofFairTax.pdf

*Based on standard measures of tax burden, the FairTax is more progressive than the individual income tax, payroll tax and the corporate income tax.
http://www.beaconhill.org/FairTax2007/DistributionalAnalysisFairTaxBHI4-25-07.pdf

Again, many thanks for your positive outlook regarding the FairTax.

There are presently 70 sponsors and co-sponsors of H.R. 25 & S. 1025 (THE FAIRTAX ACT of 2007).

Sincerely,

Joe LeBlanc, Volunteer Since 1999
Past District Director VA-6
Americans for Fair Taxation
1-800-FAIRTAX (1-800-324-7829)
www.fairtax.org

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Other reader comments on this article

Comment	By	Date
Dear Ms Diana Furchtgott-Roth Thank you for your positive "Opinion" of January 9,2008 on the FairTax possibilities and the impact it...	Joseph LeBlanc	Jan 12, 2008 01:46
Over 60 % of the oil consumed in this country is imported at a global price. Oil companies that sell... [MORE]	Bruce Barnes	Jan 13, 2008 01:36
I love the idea of the FairTax so much I've been staying up and posting in forums discussing it. What... [MORE]	dculling	Jan 11, 2008 06:47
"FairTax" definitions: Used property – defined as property on which the federal sales tax has been collected already, and property that... [MORE]	Bruce Barnes	Jan 12, 2008 01:02
Will the IRS really be gone? The IRS is uniquely qualified to administer the Fair Tax with people, computers, and... [MORE]	Bruce Barnes	Jan 10, 2008 23:46
The Consumption Tax will replace personal taxes of 60 % of the budget and also another 40 % to raise... [MORE]	Bruce Barnes	Jan 10, 2008 23:43
A consumption tax could garner more support if services/labor were taxed at a lower rate than new products. More US... [MORE]	Kristin	Jan 10, 2008 23:19
Ms. DIANA FURCHTGOTT-ROTH, I just read your article. I am impressed by the strong argument you made for investigating the fair... [MORE]	Ed Harrison	Jan 10, 2008 09:42
Take a simple example we can all understand like a gas station that sells gasoline to a customer and that... [MORE]	Bruce Barnes	Jan 12, 2008 01:45
Thanks for your accurate and thoughtful discussion of the FairTax. I support this proposal and believe the American People will... [MORE]	Rodger Gamblin	Jan 10, 2008 05:00
If the government no longer has the payroll of the multi-thousands of IRS employees and each of these people becomes... [MORE]	mjwhite	Jan 9, 2008 17:35
All the discussion to now has been on the internal effect of the FairTax but the international issues also deserve... [MORE]	Dewey715	Jan 9, 2008 14:00
The fairtax pushes the tax burden to the middle class. It eliminates middle class tax deductions like the mortgage interest... [MORE]	FairTaxFraud Institute	Jan 9, 2008 06:56
The FairTaxFraud Institute is putting out derogatory information about the FairTax to protect their vested interests in the current tax... [MORE]	Tom Kropewnicki	Jan 10, 2008 11:41
Consider: "The fairtax pushes the tax burden to the middle class. " Considering the prebate provisions of the Fair Tax... [MORE]	David Patterson	Jan 10, 2008 14:50
To add research basis to Mr. Patterson's perceptive rebuttal, I offer the following: Over time, the FairTax benefits all income groups.... [MORE]	Ian Repley, Ann Arbor	Jan 10, 2008 20:41
The FairTax Act of 2007 (HR 25 / S 1025) represents a prospective power shift of massive proportions in America.... [MORE]	Ian Repley, Ann Arbor	Jan 9, 2008 04:52

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