From: David Boone
I have been an appliance repairman for 40 years. My natural inclination is to fix things. As I look at the state of national affairs today, nothing seems to be working right. My repairmanís instinct tells me we need to overhaul the hundred-year-old Income Tax.
The Income Tax discourages investment and productivity. It penalizes exporters who must add the cost of taxes into the price of everything they export. People with high incomes are leaving the United States to avoid taxes. Working people have up to 25% of their income confiscated before they even get their paychecks. We waste hundreds of billions of dollars, and millions of hours every year, in compliance costs. People apply for and receive othersí refunds. Hundreds of billions in revenue from the underground economy and tax cheating is left on the table. The IRS intrudes into our private affairs and persecutes political adversaries.
The FairTax changes everything. Because it is a tax on consumption, it sidesteps that entire list of evils associated with the Income Tax. The FairTax goes beyond mere reform. Sometimes when I am called upon to repair an appliance, the cost exceeds the value of the unit in question. Thatís whatís happening with the Income Tax today. The Income Tax cannot be repaired, it must be replaced. Of all the plans being discussed in Congress, only the FairTax can bring the kind of fundamental and comprehensive change that will allow for a permanent fix.