Sound Money for America! Support HR 1207, S.604 and HR 833!
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Brandon
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Our founders were smart enough to realize that government expansion is the greatest threat to all liberty, and that government expansion in the name of helping someone is the most dangerous of all.
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Thank You very much for this information, because I was about to attend a constitutional study class for X amount of dollars, thus to get more education on how to make the petition process work.
Knowing now, regardless of the intentions of getting...
Janice, Kevin... http://endthefedusa.ning.com/events/end-the-fed-detroit
Event set for Nov 22nd.
RSVP today.
End the Fed - Detroit
END THE FED - DETROIT at Federal Reserve - Chicago Branch - Detroit
November 22, 2009 all day
Come and join fellow patriots, and truth seekers in letting the private Federal Reserve that we are aware of their psychopathic agenda and we will not stand idly by anymore.
Although, I don't really like Cindy Sheehan all that much because she still has this notion that Health Care in this country is a right that must be funded by everyone. I like her attempt to reach over to the side of truth though... If she really ...
End the Fed Nationwide Rallies at Nationwide
November 22, 2009 all day
On November 22nd we will celebrate the one year anniversary of the launching of the End the Fed! Movement. Imagine...in less than a year we have forced the Establishment to hold hearings on our bill to Audit the Fed! The END is much Nearer!
Let's...
Only problem I have, is that the days are so conflicted, here it reads that the event is taking place on October 22, 2009 all day. I know that it is going to take place on November 22, 2009 all day. If I am to export this event to my calendar I wi...
NYC ETF Rally 11.22.09 at Federal Reserve Bank of NY
October 22, 2009 all day
Specific Details of the event TBA so check back to make sure the times and place remained the same. We will have the updates as soon as we can get them and rest assured, they will be big!
Get prepared NOW! Post this video everywhere you can, te...
I need one of these shirts!!!
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- In which End the Fed city will you be participating?
- D-Town
Brandon's Photos
Comment Wall (4 comments)
- At 12:14am on October 7, 2009,
Anthony Lombard said…
- Fixed Brandon! Thanks for the heads up.
Ant
- At 9:37pm on September 14, 2009,
Mark said…
- YOUR THE MAN FAIR TAX IS NOT FAIR
- At 11:58am on May 24, 2009,
Daar Fisher said…
- Thanks for taking time for the reply. As for the benefits of the Michigan FairTax, please take a look at an article I posted on my blog. Excellent research on the proposed national FairTax is as follows:
The FairTax rate of 23 percent on a total taxable consumption base of $11.244 trillion will generate $2.586 trillion dollars – $358 billion more than the taxes it replaces [BHKPT].
The FairTax has the broadest base and the lowest rate of any single-rate tax reform plan [THBP].
Real wages are 10.3 percent, 9.5 percent, and 9.2 percent higher in years 1, 10, and 25, respectively than would otherwise be the case [THBNP].
The economy as measured by GDP is 2.4 percent higher in the first year and 11.3 percent higher by the 10th year than it would otherwise be [ALM].
Consumption benefits [ALM]:
• 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.
• Consumption increases by 2.4 percent more in the first year, which grows to 11.7 percent more by the tenth year than it would be if the current system were to remain in place.
• The increase in consumption is fueled by the 1.7 percent increase in disposable (after-tax) personal income that accompanies the rise in incomes from capital and labor once the FairTax is enacted.
• By the 10th year, consumption increases by 11.7 percent over what it would be if the current tax system remained in place, and disposable income is up by 11.8 percent.
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 [KR].
Implementing the FairTax at a 23 percent rate gives the poorest members of the generation born in 1990 a 13.5 percent improvement in economic well-being; their middle class and rich contemporaries experience a 5 percent and 2 percent improvement, respectively [JK].
Based on standard measures of tax burden, the FairTax is more progressive than the individual income tax, payroll tax, and the corporate income tax [THBPN].
Charitable giving increases by $2.1 billion (about 1 percent) in the first year over what it would be if the current system remained in place, by 2.4 percent in year 10, and by 5 percent in year 20 [THPDB].
On average, states could cut their sales tax rates by more than half, or 3.2 percentage points from 5.4 to 2.2 percent, if they conformed their state sales tax bases to the FairTax base [TBJ].
The FairTax provides the equivalent of a supercharged mortgage interest deduction, reducing the true cost of buying a home by 19 percent [WM].
ALERT: Kotlikoff refutes Bruce Bartlett's shabby critiques of the FairTax.
References:
[ALM] Arduin, Laffer & Moore Econometrics, “A Macroeconomic Analysis of the FairTax Proposal,” July 2006.
[BHKPT] Bachman, Paul, Jonathan Haughton, Laurence J. Kotlikoff, Alfonso Sanchez-Penalver, and David G. Tuerck, “Taxing Sales under the FairTax: What Rate Works?” published in Tax Notes, November 13, 2006.
[JK] Jokisch, Sabine and Laurence J. Kotlikoff, “Simulating the Dynamic Macroeconomic and Microeconomic Effects of the FairTax,” National Tax Journal, June 2007.
[KR] Kotlikoff, Laurence J. and David Rapson, “Comparing Average and Marginal Tax Rates under the FairTax and the Current System of Federal Taxation,” NBER Working Paper No. 12533, revised October 2006.
[THBNP] Tuerck, David G., Jonathan Haughton, Keshab Bhattarai, Phuong Viet Ngo, and Alfonso Sanchez-Penalver, “The Economic Effects of the FairTax: Results from the Beacon Hill Institute CGE Model,” The Beacon Hill Institute at Suffolk University, February 2007.
[THBP] Tuerck, David G., Jonathan Haughton, Paul Bachman, and Alfonso Sanchez-Penalver, “A Comparison of the FairTax Base and Rate with Other National Tax Reform Proposals,” The Beacon Hill Institute at Suffolk University, February 2007.
[THBPN] Tuerck, David G., Jonathan Haughton, Paul Bachman, Alfonso Sanchez-Penalver, and Phuong Viet Ngo, “A Distributional Analysis of Adopting the FairTax: A Comparison of the Current Tax System and the FairTax Plan,” The Beacon Hill Institute at Suffolk University, February 2007.
[THPDB] Tuerck, David G., Jonathan Haughton, Alfonso Sanchez-Penalver, Sara Dinwoodie, and Paul Bachman, “The FairTax and Charitable Giving,” The Beacon Hill Institute at Suffolk University, February 2007.
[TBJ] Tuerck, David G., Paul Bachman, and Sylvia Jacob, “Fiscal Federalism: The National FairTax and the States,” The Beacon Hill Institute at Suffolk University, June 2007.
[WM] Walby, Karen, and Dan Mastromarco, “Promoting home ownership: How the FairTax’s benefits for homeowners exceed the mortgage interest deduction,” Americans For Fair Taxation White Paper, August 2006.
- At 1:48am on May 24, 2009,
Daar Fisher said…
- Hi Brandon, I'm a fellow Michigander who believes the Fed Reserve is at the core of our country's dissolution. However, their machine is fueled by their claims upon every working person's income. For too long, we Michiganders have been victims of our legislators using the intrusive income tax code for poltical favor-making - enhancing their own power, but making our families and businesses poorer. Most recently, under the much-touted guise of fixing Michigan's tax system, the legislature enacted the Michigan Business Tax. Trouble is, the MBT still remains a gross receipts tax, levying a tax even if a business isn't profitable - which was the problem with the Single Business Tax it was designed to replace. The MBT continues to penalize entrepreneurship and productivity, and Michigan is rapidly losing businesses, jobs, and families - daily !
Learning about the Michigan FairTax plan enabled me to stop feeling like a victim. I (and thousands like me) could now do something to change our dysfunctional tax system - and I'd like to invite you to join us! Thousands of us are working hard to get the word out about a fairer, progressive consumption tax - the Michigan FairTax. Our goal is to SCRAP the Michigan income tax because the system is broken. In order to give Michigan voters the power to choose, we are laying the groundwork for a ballot drive to get the Michigan FairTax on the 2010 general election ballot.
The Michigan FairTax will both simplify, and stimulate, Michigan's business / jobs climate in a dramatic and ongoing manner. It will replace the income tax and current sales tax, with a consumption tax (sales tax at point of retail sale) while un-taxing all purchases up to poverty level - this means no more withholding of state tax from Michigan wage-earners' paychecks.
What's more, every Michigan resident-family will receive a monthly "prebate" check, in amount based on family size (.0975 x $ [ poverty level per family size] ). This will ensure that NO Michigan family will EVEN BEGIN paying the MI FairTax on goods / services unless, or until, they exceed poverty-level spending. Thus, the MI FairTax rate would effectively be 0% on all monthly family spending up to the monthly poverty level, thereafter it would be 9.75%. A reasonable average effective rate, inferred, would be about 5.5% (that's without putting anything away!) Monies placed into savings are not available to spend, and therefore would result in a further effective tax rate reduction.- - -
~ Become a part of this citizen-based movement! ~ (We seldom email state-wide, generally notifying members nearby to events or initiatives.)
- - -
Under a FairTax system, points of collection will be dramatically reduced (from millions of individuals to considerably fewer retailers, many of whom are already collecting sales tax). With a Michigan FairTax, income tax-- returns, audits, interest, and penalites vanish.
Currently, goods / services prices and fees carry income / payroll tax compliance costs - "a hidden tax," ultimately paid by us. The FairTax will externalize these costs, making them visible. Michigan exporters will then be able to jettison the FairTax, prior to shipment, making Michigan products more competitive, globally. The MI FairTax is NOT applied to non-retail, business-to-business purchases, as this inseparably embeds taxation costs in prices of finished goods and services.This plan is revenue neutral, as it-- ends "first fruit" confiscation of wages, stops the practice of hiding consumer taxes in retail prices, makes the true cost of gov't visible, and properly pays for gov't as we meet personal and family needs. Take action! - JOIN OUR TAX REFORM ARMY to bring Michigan back!
- - -
Made popular by the federal FairTax bill (H.R. 25, which was either co-sponsored or otherwise endorsed by several 2008 presidential candidates), this approach to taxation reaches across the political spectrum
Mike Gravel (D) - Mike Huckabee (R) - Ron Paul (Libertarian R) Why the FairTax idea is right for America's working families.
Dr. Laurence Kotlikoff believes that it will take the FairTax to reverse unfunded U.S. gov't obligations, about
$53$88 trillion and counting !!
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