toothdigger's comeback: IRS

Showing posts with label IRS. Show all posts

Tuesday, January 15, 2008

What is the FairTax Plan?

What is the FairTax?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including:

* A progressive national retail sales tax.
* A prebate to ensure no American pays federal taxes on spending up to the poverty level.
* Dollar-for-dollar federal revenue neutrality.
* Repeal of the 16th Amendment through companion legislation.

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Toothdigger's Patron Saint

St. Agapius

Feastday: November 20 & August 19

Martyr and valiant defender of the faith. A Christian in Caesarea, Palestine, Agapius was taken prisoner in the persecutions of Emperor Diocletian. Three times he suffered imprisonment for the faith, released after enduring torture each time. Arrested a fourth, he was offered a pardon if he denied Christ. When he refused, he was penned up with a wild boar. The animal inflicted severe damage on him but did not kill him, so officials drowned him the next day (a stone was tied to his ankle, and he was thrown overboard into the sea.)

Source: Catholic Online