Re: This could hurt you -- Federal Sales Tax Gaining Taction in Senate
Sam Parkhill
> Hello
>
> Call your local Congressman and Senator after reading
> my message below. This will hurt you if it becomes law.
> Knowledge is power. Don't let this become law.
>
> -------------------------------------
>
> The Republicans are pushing for a FEDERAL SALES
> TAX that would add to the STATE SALES TAX that
> you are now already paying. It is in every
> respect,,,,a tax increase at the consumer level.
>
> Think how much more you pay on that Washer, Dryer,
> Car, Truck, TV, FURITURE, Gas, or any other big
> ticket item.
>
> In Arizona, you would pay the State Sales Tax
> plus the 23% Federal Sales Tax on every dollar
> of purchase. The State will not remove there
> sales tax.
>
> If you want to read either the House Of
> Representatives Bill (H.R.25), or The Senate Bill
> (S.296), go to the link shown below.
>
> 1) http://www.thomas.gov/ .
>
> 2) Use the search term; "Fair Tax Act of 2009".
>
> 3) Click on the bill number.
>
> 4) Click on "Text of Legislation".
>
> 5) Click on "Printer Friendly Display".
>
> After following steps one through five above, you
> should see the actual text of the bill.
>
> The United States Senate Bill was introduce on
> January 22, 2009. It is gaining some traction.
>
> You need to be aware of what is going on and how
> this could hurt you.
>
> ..
>
>
http://www.thomas.gov/cgi-bin/thomas
H.R.25
Title: To promote freedom, fairness, and economic opportunity by
repealing the income tax and other taxes, abolishing the Internal
Revenue Service, and enacting a national sales tax to be administered
primarily by the States.
Sponsor: Rep Linder, John [GA-7] (introduced 1/6/2009) Cosponsors (43)
Latest Major Action: 1/6/2009 Referred to House committee. Status:
Referred to the House Committee on Ways and Means.
S.296
Title: A bill to promote freedom, fairness, and economic opportunity by
repealing the income tax and other taxes, abolishing the Internal
Revenue Service, and enacting a national sales tax to be administered
primarily by the States.
Sponsor: Sen Chambliss, Saxby [GA] (introduced 1/22/2009)
Cosponsors (3)
Latest Major Action: 1/22/2009 Referred to Senate committee. Status:
Read twice and referred to the Committee on Finance.
http://www.thomas.gov/cgi-bin/query/z?c111:S.296:
TITLE I--REPEAL OF THE INCOME TAX, PAYROLL TAXES, AND ESTATE AND GIFT TAXES
SEC. 101. INCOME TAXES REPEALED.
SEC. 102. PAYROLL TAXES REPEALED.
SEC. 103. ESTATE AND GIFT TAXES REPEALED.
SEC. 104. CONFORMING AMENDMENTS; EFFECTIVE DATE.
TITLE II--SALES TAX ENACTED
SEC. 201. SALES TAX.
`SEC. 101. IMPOSITION OF SALES TAX.
`(a) In General- There is hereby imposed a tax on the use or
consumption in the United States of taxable property or services.
`(b) Rate-
`(1) FOR 2011- In the calendar year 2011, the rate of tax
is 23 percent of the gross payments for the taxable property or service.
`(2) FOR YEARS AFTER 2011- For years after the calendar
year 2011, the rate of tax is the combined Federal tax rate percentage
(as defined in paragraph (3)) of the gross payments for the taxable
property or service.
`(3) COMBINED FEDERAL TAX RATE PERCENTAGE- The combined
Federal tax rate percentage is the sum of--
`(A) the general revenue rate (as defined in
paragraph (4)),
`(B) the old-age, survivors and disability insurance
rate, and
`(C) the hospital insurance rate.
`(4) GENERAL REVENUE RATE- The general revenue rate shall
be 14.91 percent.
`(c) Coordination With Import Duties- The tax imposed by this
section is in addition to any import duties imposed by chapter 4 of
title 19, United States Code. The Secretary shall provide by regulation
that, to the maximum extent practicable, the tax imposed by this section
on imported taxable property and services is collected and administered
in conjunction with any applicable import duties imposed by the United
States.
`(d) Liability for Tax-
`(1) IN GENERAL- The person using or consuming taxable
property or services in the United States is liable for the tax imposed
by this section, except as provided in paragraph (2) of this subsection.
`(2) EXCEPTION WHERE TAX PAID TO SELLER- A person using or
consuming a taxable property or service in the United States is not
liable for the tax imposed by this section if the person pays the tax to
a person selling the taxable property or service and receives from such
person a purchaser's receipt within the meaning of section 509.
`SEC. 102. INTERMEDIATE AND EXPORT SALES.
`(a) In General- For purposes of this subtitle--
`(1) BUSINESS AND EXPORT PURPOSES- No tax shall be imposed
under section 101 on any taxable property or service purchased for a
business purpose in a trade or business.
`(2) INVESTMENT PURPOSE- No tax shall be imposed under
section 101 on any taxable property or service purchased for an
investment purpose and held exclusively for an investment purpose.
`(3) STATE GOVERNMENT FUNCTIONS- No tax shall be imposed
under section 101 on State government functions that do not constitute
the final consumption of property or services.
`(b) Business Purposes- For purposes of this section, the term
`purchased for a business purpose in a trade or business' means
purchased by a person engaged in a trade or business and used in that
trade or business--
`(1) for resale,
`(2) to produce, provide, render, or sell taxable property
or services, or
`(3) in furtherance of other bona fide business purposes.
`(c) Investment Purposes- For purposes of this section, the term
`purchased for an investment purpose' means property purchased
exclusively for purposes of appreciation or the production of income but
not entailing more than minor personal efforts.
`SEC. 103. RULES RELATING TO COLLECTION AND REMITTANCE OF TAX.
`(a) Liability for Collection and Remittance of the Tax- Except
as provided otherwise by this section, any tax imposed by this subtitle
shall be collected and remitted by the seller of taxable property or
services (including financial intermediation services).
`(b) Tax To Be Remitted by Purchaser in Certain Circumstances-
`(1) IN GENERAL- In the case of taxable property or
services purchased outside of the United States and imported into the
United States for use or consumption in the United States, the purchaser
shall remit the tax imposed by section 101.
`(2) CERTAIN WAGES OR SALARY- In the case of wages or
salary paid by a taxable employer which are taxable services, the
employer shall remit the tax imposed by section 101.
`(c) Conversion of Business or Export Property or Services-
Property or services purchased for a business purpose in a trade or
business or for export (sold untaxed pursuant to section 102(a)) that is
subsequently converted to personal use shall be deemed purchased at the
time of conversion and shall be subject to the tax imposed by section
101 at the fair market value of the converted property as of the date of
conversion. The tax shall be due as if the property had been sold at the
fair market value during the month of conversion. The person using or
consuming the converted property is liable for and shall remit the tax.
`(d) Barter Transactions- If gross payment for taxable property
or services is made in other than money, then the person responsible for
collecting and remitting the tax shall remit the tax to the sales tax
administering authority in money as if gross payment had been made in
money at the tax inclusive fair market value of the taxable property or
services purchased.
Juan
> Arizona Lost, But Found! wrote:
>
> > Hello
>
> > Call your local Congressman and Senator after reading
> > my message below. This will hurt you if it becomes law.
> > Knowledge is power. Don't let this become law.
Wow, what a concept, truly equitable taxation based on your means,
measured by consumption. No more IRS, no more tax cheats like Rudd.
Knowledge is indeed power. Thanks for letting me know so I can pass
the word around to support this.
And don't forget to pay your taxes.
Sonny
"Juan" <fly...@gmail.com> wrote in message
news:3e82aac2-0571-4b29...@j35g2000yqh.googlegroups.com...
Why? The President's appointees don't. ( Till they get caught)
Sam Parkhill
Juan
>
> I'm conceiving an archconservative swine who thinks it's "fair" for both
> Bernie Madoff to pay $2 for a loaf of bread and 46 cents federal sales tax
> on it and a single mom with two kids making minimum wage to pay $2 for a
> loaf of bread and 46 cents federal sales tax on it. (Bernie paying 23%
> federal sales tax on his new million dollar diamond ring he bought just for
> the hell of it is entirely irrelevant.)
Stick to your day job. Your assumptions AND your argument are both
wrong.
> Or at least bypass the IRS with offshore accounts if you're a filthy rich
> archconservative swine/US corporation who has the means to do so (think
> this would change if a "23% federal sales tax" was implemented?).
That is already harder and harder to do, and FINCEN does a great job
of tracking that down. Why don't you try it and see how far you get?
Juan
Sam Parkhill
> In article
> <3e82aac2-0571-4b29...@j35g2000yqh.googlegroups.com>, Juan
> <fly...@gmail.com> wrote:
>
>> Wow, what a concept, truly equitable taxation based on your means,
>> measured by consumption.
>
You're deluding yourself into thinking it's "both" instead of a
replacement system.