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TOC/Forword
I. Taxes
II. Retirement Plan
III. Energy
IV. Campaign Finance Reform
V. Global Warming
VI. Subsidies
VII. The Border
Additional Points
Subject: When this country was founded, the consumption tax was the only tax we had. With today's tax code of 80,000 pages and "loop holes" built in to favor friends and themselves, our politicians, for too long, have used it and Social Security to punish some and reward others. Remember the old saying, "When you rob Peter to pay Paul, Paul will always love you", well there are a lot more Pauls in America being rewarded than the rest of us furnishing the reward. Along with Paul's love, comes his vote.
PLAN: We should suspend, not repeal, the Sixteenth Amendment (authorizing the laying of taxes on income). Then replace it with a straight 10% sales tax. The only things exempted from this tax are unprepared food, and for the first two weeks in August, school clothes and school supplies. Everything else shall be taxed at ten percent. The only taxes withheld from your paycheck will be for your retirement plan (to be explained later).
EXAMPLE: If you buy a house and the price is $100,000, you will pay $110,000 and the mortgage company will send $10,000 to the Treasury and your taxes are paid. When you buy an automobile for $30,000, it will cost you $33,000 and the finance company will send $3,000 to the Treasury. A new refrigerator might cost $2,000, you will pay $2,200 and the store sends the $200 to the Treasury, and your taxes are paid. No filing at the end of the year, no paperwork and you spend what you choose to spend. Inheritance taxes, Capital gains tax, and all other "Targeted Taxes" will be repealed.
Everyone knows or should know any company that sells a product or a service does NOT pay taxes. People who buy their product or use their services pay their taxes in the form of higher prices, period.
EXAMPLE: An iron ore company sells $100,000 worth of ore to a steel company, the steel company pays $110,000 and the ore company sends the $10,000 to the Treasury. Transportation of the ore to the steel mill costs $3,000; the trucker collects $3,300 and sends the Treasury the taxes. The steel company turns the ore into steel and sells the steel to a bolt and nut company, they buy the steel for $110,000, the steel company sends the $10,000 to the Treasury. The bolt company makes bolts, nuts, washers, and screws out of the steel and sells them to a national hardware store chain and the bolt company sends the taxes to the Treasury. You buy three boxes of screws to build a new fence for $100, you pay $110 and the hardware store sends the taxes to the Treasury. ALL TAXES PAID... $30,310 in revenue off one transaction.
You and I must live within a budget and so should congress. Therefore, they CANNOT spend any more than the Treasury collected the year before less 20%. We need to put 10% toward the debt that we are incurring today and 10% in a "rainy day fund" to be used only on disasters and in the event of an attack. Any item manufactured offshore to be used or sold inside the United States shall be levied a 10% tax when it enters the U.S. For instance: A U.S. citizen flies into Acapulco, Mexico to buy a small yacht and sails it back to San Diego, when it enters U.S. waters the taxes are owed on the value of the yacht not the price the owner paid.