Well, even though Thanksgiving week is offically over today, I am glad to be back in school and work. I enjoyed playing games with Lloyd and Tyler, bingeing on food, watching football (even though Lowndes Vikings and UGA lost), slight shopping from home, seeing Jacob and Nicki Gwin, being with my family, and most importantly, being reminded once again how many blessings God has given me.
I wish I had gotten more time to watch some more football. Since I left for college I have had hardly kept up with it all. I'm glad you enjoyed your break though.
I am glad you enjoyed your break! And I was glad to get back to classes too. I missed them, even though I worked all break on those art projects. School changes up the scenery and company a bit. And we are going to have a big change in scenery soon. Will you take me hiking in the mountains soon? For I have a pair of boots in my closet that have been calling out to me since I got them for Christmas last year saying "I NEED THE MOUNTAINS!" So for my boots sake, you should taking me hiking!
The FairTax proposal is a comprehensive plan to replace federal The FairTax proposal is a comprehensive plan to replace federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security/Medicare, self-employment, and corporate taxes. The FairTax proposal integrates such features as a progressive national retail sales tax, dollar-for-dollar revenue replacement, and a rebate to ensure that no American pays such federal taxes up to the poverty level. Included in the FairTax Plan is the repeal of the 16th Amendment to the Constitution. The FairTax allows Americans to keep 100 percent of their paychecks (minus any state income taxes), ends corporate taxes and compliance costs hidden in the retail cost of goods and services, and fully funds the federal government while fulfilling the promise of Social Security and Medicare.
Americans take home their whole paychecks.
Not only do more Americans have jobs, but they also take home 100 percent of their paychecks (except where state income taxes apply). No federal income taxes or payroll taxes are withheld from paychecks, pensions, or Social Security checks.
The prebate makes the FairTax progressive.
To ensure no American pays tax on necessities, the FairTax Plan provides a prepaid, monthly rebate (prebate) for every registered household to cover the consumption tax spent on necessities up to the federal poverty level. This, along with several other features, is how the FairTax completely untaxes the poor, lowers the tax burden on most, while making the overall rate progressive. However, the FairTax is progressive based on lifestyle/spending choices, rather than simply punishing those taxpayers who are successful. Do you see how much freer life is with the FairTax instead of the income tax?
No tax on used goods. The amount you pay to fund the government is totally visible.
With the FairTax you are only taxed once on any good or service. If you choose to buy used goods − used car, used home, used appliances − you do not pay the FairTax. If, as a business owner or farmer, you buy something for strictly business purposes (not for personal consumption), you pay no consumption tax. The FairTax is charged just as state sales taxes are today. When you decide what to buy and how much to spend, you see exactly how much you are contributing to the government with each purchase.
Retail prices no longer hide corporate taxes or compliance costs, which together drive up costs for those who can least afford to pay.
Did you know that income taxes and the cost of complying with them currently make up 20 percent or more of all retail prices? It’s true. According to Dr. Dale Jorgenson of Harvard University, hidden income taxes are passed on to the consumer in the form of higher prices for everything you buy. If competition does not allow prices to rise, corporations lower labor costs, again hurting those who can least afford to lose their jobs. Finally, if prices are as high as competition allows and labor costs are as low as practical, profits/dividends to shareholders are driven down, thereby hurting retirement savings for moms-and-pops and pension funds invested in Corporate America. With the FairTax, the sham of corporate taxation ends, competition drives prices down, more people in America have jobs, and retirement/pension funds see improved performance.
The income tax exports our jobs, rather than our products. The FairTax brings jobs home.
Most importantly, the FairTax does not burden U.S. exports the way the current income tax system does. The FairTax removes the cost of corporate taxes and compliance costs from the cost of U.S. exports, putting U.S. exports on a level playing field with foreign competitors. Lower prices sharply increase demand for U.S. exports, thereby increasing job creation in U.S. manufacturing sectors. At home, imports are subject to the same FairTax rate as domestically produced goods. Not only does the FairTax put U.S. products sold here on the same tax footing as foreign imports, but the dramatic lowering of compliance costs in comparison to other countries’ value-added taxes also gives U.S. products a definitive pricing advantage which foreign tax systems cannot match.
The FairTax strategy is revenue neutral: Neither raise nor lower taxes so consumer costs remain stable.
The FairTax pays for all current government operations, including Social Security and Medicare. Government revenues are more stable and predictable than with the federal income tax because consumption is a more constant revenue base than is income.
If you were in a 23-percent income tax bracket, the federal government would take $23 out of your paycheck for every $100 you made. With the FairTax, if the federal government gets $23 out of every $100 spent in America, the same total revenue is delivered to the federal government. This is revenue neutrality. So, instead of paycheck-earning Americans paying 7.65 percent of their paychecks in Social Security/Medicare payroll taxes, plus an average of 18 percent of their paychecks in federal income tax, for a total of about 25.65 percent, consumers in America pay only $23 out of every $100. Or about 30 percent at the cash register when they elect to spend on new goods or services for their own personal consumption. And this tax is collected only on spending above the federal poverty level, providing important progressivity.
Tax criminals don’t make criminals out of honest taxpayers.
Today, the IRS will admit to 16 percent noncompliance with the code. FairTax.org will be generous and simply take the position that this is likely a conservative estimate of the underground economy. However, this does not take into account the criminal/drug/porn economy, which equally conservative estimates put at one trillion dollars of untaxed activity. The FairTax does tax this -- criminals love to flash that cash at retail -- while continuing to provide the federal penalties so effective in bringing such miscreants to justice. The substantial decrease in points of compliance -- from every wage earner, investor, and retiree, down to only retailers -- also allows enforcement to concentrate on following the money to criminal activity, rather than making potential criminals out of every taxpayer struggling to decipher the current code.
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, and 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.
What is Americans For Fair Taxation (FairTax.org)?
FairTax.org is a nonprofit, nonpartisan, grassroots organization solely dedicated to replacing the current tax system. The organization has hundreds of thousands of members and volunteers nationwide. Its plan supports sound economic research, education of citizens and community leaders, and grassroots mobilization efforts. For more information visit the Web page: www.FairTax.org or call 1-800-FAIRTAX.
I just saw a movie about Ghenghis Khan and I have been researching him some a little here and there. Wow he was bad news. I think a history major will be totally awesome.
Yeah, he certainly was not the guy to mess with in history. And I would second the motion to major in History. I'm doing a paper for my history class about the German navy in WWII. Though it may sound boring to some, it really is fasinating.
i read a sweet historical novel about him. The Sword of Attila. oh wait. this is Genghis Kahn. i read a sweet novel about him too. have you read it? i don't remember the name
I get bombarded with history. With a mom who works a museum, a boyfriend who loves history, and an art history class. Nevertheless, it always proves to be an interesting conversation piece. You can always learn a varity of things in history. And that picture reminds me of a hun in Mulan. love you!
Voilà! In view, a humble vaudevillian veteran cast vicariously as both victim and villain by the vicissitudes of Fate. This visage, no mere veneer of vanity, is a vestige of the vox populi, now vacant, vanished. However, this valorous visitation of a bygone vexation stands vivified and has vowed to vanquish these venal and virulent vermin vanguarding vice and vouchsafing the violently vicious and voracious violation of volition! The only verdict is vengeance; a vendetta held as a votive, not in vain, for the value and veracity of such shall one day vindicate the vigilant and the virtuous. Verily, this vichyssoise of verbiage veers most verbose, so let me simply add that it's my very good honor to meet you and you may call me "V".
The history of this interesting. Here are some facts about Guy Fawkes and what made him famous:
Fawkes is notorious for his involvement in the Gunpowder Plot of 1605. He was probably placed in charge of executing the plot because of his military and explosives experience. The plot, masterminded by Robert Catesby, was an attempt by a group of religious conspirators to kill King James I of England, his family, and most of the aristocracy by blowing up the House of Lords in the Palace of Westminster during the State Opening of Parliament. Fawkes may have been introduced to Catesby by Hugh Owen, a man who was in the pay of the Spanish Netherlands. Sir William Stanley is also believed to have recommended him, and Fawkes named him under torture, leading to his arrest and imprisonment for a day after the discovery of the plot.
Many popular contemporary verses were written in condemnation of Fawkes. The most well-known verse begins:
“Remember, remember the fifth of November,
The gunpowder, treason and plot,
I know of no reason
Why the gunpowder treason
Should ever be forgot.”
I know that this kind of thing has been done before, that is, making a blog about Guy Fawkes on the 5th of Nov. but I don't care. I do find it interesting that we celebrate this for his terrorism. Though, its seemed to be for a good cause, killing people is never a good cause. So maybe we are a bit vicarious to what we are praising.
