There is not any secret to the fact that I now support Huckabee. This is not a Huckabee blog though. I just want someone who will try to be honest with us.
I also want someone who supports getting rid of the IRS and implementing a better tax system.
We cannot get around it. We need a tax system that taxes everyone yet takes the burden off of those who make little income.
So by putting Gov. Huckabee into office, we have a chance to get the FairTax into the political mainstream and a better chance of getting it passed.
If you want the same convoluted, overly complicated, mess of a tax system with a government sanctioned bulldog hounding you all your life, then support someone else.
As for me, get the government off my back, get the government out of my church and beliefs, and give me a simpler tax system.
Thursday, January 10, 2008
Monday, December 24, 2007
Tax Overload Freedom for 2008
Mike Huckabee is proving that taking a stand is one way to get a surge without spending millions of dollars on publicity. In fact, this is one of the reasons I am beginning to feel he is a candidate worth supporting.
Too many presidential candidates are wishy-washy. Where are the true leaders? Our current list of "wannabes" do not seem to wish to take a stand or they retract their stands or they wish to return us back to isolationism. I really want someone who will take a stand and say what they know to be good for America.
I want a president who will listen and not flow by what they hear from political polls. The entire democratic list for a potential candidate spends more time trying to outdo each other's hate speech that their "progressive" meanderings are more backbiting without any true direction. I used to be a democrat, but they changed since the times of great Democrats like Sam Nunn (GA) or even the outspoken Zell Miller.
People have demonized Miller. Why? He took a stand and stood for something. Do I agree with everything he says? No. But at least he is real.
The scripted and painted falsehood we get from today's candidates from both sides is getting under my nerves. Just stand for something and let the people decide. Abraham Lincoln was the lowest man on the totem poll. He wasn't even supposed to be a challenger, but he stood for something. He stood for the freedom of slaves and surpassed his rival and became president.
Our current tax system is killing our ability to maintain a strong position in the world. We used to stand for creativity but have choked ourselves off by the greedy whore-mongering that we get out of Washington D.C. They are fed by special interest so much that they would rather kill off our nation than admit mistakes or wrongdoing.
The FairTax is not a perfect solution but it is a solution.
It will untax the poor and pay them five times their current benefit rate.
Top Ten Reasons Why Democrats Should Strongly Support The Fair Tax
It will stop the exportation of jobs and the mass exodus of corporations.
It will untax education by eliminating tuition from taxation.
It is revenue neutral - It is a 23% tax rate that keeps current revenue that same as today's tax rates. Yes, 23%. Unlike the lies being told by those being paid by special interest groups to bring fear to everyone.
The FairTax is not a political slogan being used by either side of the aisles. It is a nonpartisan tax system that is great for all people because it taxes wealth while taking the burden off the working class.
If you want to be president, stand up for something and stop being wishy washy. Go Mike Huckabee, at least you believe in something and do not mind people knowing.
Do your research and don't let people decide for you:
FairTax.org
Too many presidential candidates are wishy-washy. Where are the true leaders? Our current list of "wannabes" do not seem to wish to take a stand or they retract their stands or they wish to return us back to isolationism. I really want someone who will take a stand and say what they know to be good for America.
I want a president who will listen and not flow by what they hear from political polls. The entire democratic list for a potential candidate spends more time trying to outdo each other's hate speech that their "progressive" meanderings are more backbiting without any true direction. I used to be a democrat, but they changed since the times of great Democrats like Sam Nunn (GA) or even the outspoken Zell Miller.
People have demonized Miller. Why? He took a stand and stood for something. Do I agree with everything he says? No. But at least he is real.
The scripted and painted falsehood we get from today's candidates from both sides is getting under my nerves. Just stand for something and let the people decide. Abraham Lincoln was the lowest man on the totem poll. He wasn't even supposed to be a challenger, but he stood for something. He stood for the freedom of slaves and surpassed his rival and became president.
Our current tax system is killing our ability to maintain a strong position in the world. We used to stand for creativity but have choked ourselves off by the greedy whore-mongering that we get out of Washington D.C. They are fed by special interest so much that they would rather kill off our nation than admit mistakes or wrongdoing.
The FairTax is not a perfect solution but it is a solution.
It will untax the poor and pay them five times their current benefit rate.
Top Ten Reasons Why Democrats Should Strongly Support The Fair Tax
It will stop the exportation of jobs and the mass exodus of corporations.
It will untax education by eliminating tuition from taxation.
It is revenue neutral - It is a 23% tax rate that keeps current revenue that same as today's tax rates. Yes, 23%. Unlike the lies being told by those being paid by special interest groups to bring fear to everyone.
The FairTax is not a political slogan being used by either side of the aisles. It is a nonpartisan tax system that is great for all people because it taxes wealth while taking the burden off the working class.
If you want to be president, stand up for something and stop being wishy washy. Go Mike Huckabee, at least you believe in something and do not mind people knowing.
Do your research and don't let people decide for you:
FairTax.org
Wednesday, December 19, 2007
FairTax Calculator
You have to check out this great online tool at FairTax.org! Their new calculator allows you to find your tax savings under the FairTax system -- in just 5 minutes.
Imagine a tax system that rewards work and saving and does not punish investment. Well, we don't have to imagine any longer, the online calculator will show you exactly how much you can save under the FairTax.
Don't take my word for it -- run the numbers yourself. The calculator allows you to work all the variables (investments, savings, charitable giving, etc.) and get a direct comparison of the FairTax vs. the current federal income tax.
I'm sure that if you take just 5 minutes to try their online calculator, you will see your savings and join me in this effort.
www.fairtax.org/calculator
What is the FairTax plan?
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 replacement, and, through companion legislation, the repeal of the 16th Amendment. This nonpartisan legislation (HR 25/S 1025) abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities. The IRS is disbanded and defunded. The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
Other Resources:
FairTax Thumbnail Sketch This is a concise overview of the main points of the FairTax.
FairTax Plain English Summary (PDF)This document is a summary of the Fair Tax Act of 2007 (HR 25/S 1025) written in plain language.
Thursday, November 15, 2007
There are a lot of people with a lot of questions about the FairTax. Most of us have little time to invest in research so I want to do you a favor. I want to know what questions you have about the FairTax. I want to save you some time and do the research for you because I believe that you will not be the only one who has the same question.
So post a question in the comment section or email me.
David@grace-sales.com (business email)
Thanks,
David
So post a question in the comment section or email me.
David@grace-sales.com (business email)
Thanks,
David
Monday, November 12, 2007
I had an interesting conversation with someone over the weekend about the FairTax. As I learn more about the FairTax, I find that I still have more to learn. He explained that the biggest problem with the FairTax is how it will affect the housing market.
He has been told that the FairTax will be applied both to new and existing homes. He also explained that the FairTax will eliminate the deductions most people look forward to every year. Because of this the FairTax will unduly depress the investment people make in their homes.
I kind of expected this answer but at the same time, I had to do a little research before answering without knowing the facts. This goes to show why as supporters of the FairTax each of us need to take a little time to know more about it. We need to provide real answers to real concerns. The person I spoke with is very genuine and is very competent.
I cannot, nor can you, assume that our representatives in Congress have the time necessary to investigate the truths behind the FairTax (and I am not exactly sure about all the math that goes into it - I just have to trust the many researchers who have researched the numbers). This is why we need to read the research papers and prepare ourselves to investigate and answer the questions that our elected officials need answered.
The FairTax, for example, will only be applied to new homes. Existing homes will not be taxed upon resell, except for maybe local taxes. This is great for both the new home market and the existing home market.
The existing home market does not have to worry about extra costs associated with taxation. This helps existing home owners as they set the value of their homes. They do not have to worry about inflated values. New home sellers benefit because their home prices will include the FairTax in the final price - the price will not be inflated by embedded taxes. The price is set for the life of the loan and becomes part of the value of the home.
Let me explain. If I understand what I have read in the research papers, here is the difference between the current tax code and the FairTax.
Let's say a home sells for $100,000. Under the current code, a person buying this home will pay the principal and the interest on the home. For our example the purchaser has decided on a 30 year fixed rate loan. The person will pay approximately $227,540 after 30 years (this does not include tax and insurance). The value of the home does not automatically become $227,000 because I pay that much for the home. The value is still at market value (let's say it goes up to $150,000 after 30 years).
Now this looks to be all that person pays for the home, but there are other payments to be considered. To buy a home, you have to earn money. When you earn money, income taxes are taken from your check. To pay for this home, a person will have to pay their income tax for the thirty years of the loan. The government came up with a way for us to pay tax on the home and at the same time get a little back through deductions (Note: you do not get anything back - you just get credit towards your taxes). You will also pay the income taxes of those who earn a living of the interest you are paying (thus you pay a higher interest rate). Read the research papers on housing from FairTax.org because they explain it better than I do.
Under the FairTax, you do not pay income tax so you do not have to apply for deductions. If you buy an existing home - you do not pay taxes on it. So you have your full income to help apply to your payments (of course you'll have to pay your other expenses and services but you get your entire check, and you will not have to wait once a year for a little deduction to be applied towards your taxes).
Your entire investment is secured. The value is based entirely on the market. The only people in the home selling market rebelling against the FairTax are the lawyers on K Street who make millions off Realtors to lobby government officials. They are feeding the lies to our elected officials and the realty market just so they can protect their million dollar pensions.
Of course, we can keep the same tax system and you can be excited about all the wonderful taxes you pay including capital gains taxes, but then again....
He has been told that the FairTax will be applied both to new and existing homes. He also explained that the FairTax will eliminate the deductions most people look forward to every year. Because of this the FairTax will unduly depress the investment people make in their homes.
I kind of expected this answer but at the same time, I had to do a little research before answering without knowing the facts. This goes to show why as supporters of the FairTax each of us need to take a little time to know more about it. We need to provide real answers to real concerns. The person I spoke with is very genuine and is very competent.
I cannot, nor can you, assume that our representatives in Congress have the time necessary to investigate the truths behind the FairTax (and I am not exactly sure about all the math that goes into it - I just have to trust the many researchers who have researched the numbers). This is why we need to read the research papers and prepare ourselves to investigate and answer the questions that our elected officials need answered.
The FairTax, for example, will only be applied to new homes. Existing homes will not be taxed upon resell, except for maybe local taxes. This is great for both the new home market and the existing home market.
The existing home market does not have to worry about extra costs associated with taxation. This helps existing home owners as they set the value of their homes. They do not have to worry about inflated values. New home sellers benefit because their home prices will include the FairTax in the final price - the price will not be inflated by embedded taxes. The price is set for the life of the loan and becomes part of the value of the home.
Let me explain. If I understand what I have read in the research papers, here is the difference between the current tax code and the FairTax.
Let's say a home sells for $100,000. Under the current code, a person buying this home will pay the principal and the interest on the home. For our example the purchaser has decided on a 30 year fixed rate loan. The person will pay approximately $227,540 after 30 years (this does not include tax and insurance). The value of the home does not automatically become $227,000 because I pay that much for the home. The value is still at market value (let's say it goes up to $150,000 after 30 years).
Now this looks to be all that person pays for the home, but there are other payments to be considered. To buy a home, you have to earn money. When you earn money, income taxes are taken from your check. To pay for this home, a person will have to pay their income tax for the thirty years of the loan. The government came up with a way for us to pay tax on the home and at the same time get a little back through deductions (Note: you do not get anything back - you just get credit towards your taxes). You will also pay the income taxes of those who earn a living of the interest you are paying (thus you pay a higher interest rate). Read the research papers on housing from FairTax.org because they explain it better than I do.
Under the FairTax, you do not pay income tax so you do not have to apply for deductions. If you buy an existing home - you do not pay taxes on it. So you have your full income to help apply to your payments (of course you'll have to pay your other expenses and services but you get your entire check, and you will not have to wait once a year for a little deduction to be applied towards your taxes).
Your entire investment is secured. The value is based entirely on the market. The only people in the home selling market rebelling against the FairTax are the lawyers on K Street who make millions off Realtors to lobby government officials. They are feeding the lies to our elected officials and the realty market just so they can protect their million dollar pensions.
Of course, we can keep the same tax system and you can be excited about all the wonderful taxes you pay including capital gains taxes, but then again....
Sunday, November 4, 2007
Get That Monkey Off Your Back!
Our elected officials act clueless when we broach the subject of changing our tax code and ending unfair taxation. If you would like to help get the current federal tax code off your back help support the FairTax by going to FairTax.org and see how you can help today!
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