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Tuesday, January 8, 2013

Abolish the IRS? Not a pipe dream anymore

Thanks to 54 Republicans in the House

TheHill reports that 54 House members on the GOP side, introduced a bill to repeal the 16th Amendment.
The FairTax Act, from Rep. Rob Woodall (R-Ga.), would abolish the 16th Amendment, which was ratified 100 years ago this February. That amendment gives Congress the power to impose income taxes without having to spend the revenues evenly among the states.

Woodall's bill, H.R. 25, would replace the current tax system with a 23 percent consumption tax on all new goods and services. He said Thursday that this change would eliminate the need for a complicated tax code, and would be the kind of tax reform that helps reinvigorate the economy.

"The momentum is building for fundamental tax reform, and it's fueled by the American people," he said.
Editor's comment - Of course, we libertarians would prefer that the income tax be replaced with what is know as the No Tax. But it's a start.

12 comments:

Erich Domdero said...
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Erich Domdero said...
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randian said...

He said Thursday that this change would eliminate the need for a complicated tax code

Anybody who's ever seen a sales or value-added tax knows they are anything but simple, and offer ample opportunity for economic distortion through legislative favoritism/punishment.

Erich Domdero said...
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KN@PPSTER said...

The "Fair" Tax doesn't eliminate the IRS.

In fact, it creates 50 new IRSes (to collect the tax at the state level) and keeps the existing one (there has to be an organization to administer the "prebate" and investigate/prosecute interstate schemes to evade the tax).

Among other lies "Fair" Taxers tell:

- It's not a 23% tax. The actual rate is 30%.

- The "prebate" is not a rebate, as it is not connected in any way, shape, manner or form to actually paying the tax. It's just a new universal welfare entitlement program under which every man, woman and child gets a check from Uncle Sugar every month for life. What could possibly go wrong?

The "Fair" Tax is one of the fuck-silliest ideas ever, and there's nothing "libertarian" about it.

Eric Dondero said...

Yes, you are right. But getting rid of the 16th Amendment for whatever reason is awfully appealing. We just need to convince the Fair Taxers to take the next step towards the No Tax movement.

Erich Domdero said...
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Chuck said...

Tom is right about the so-called "fair tax". It's a giant pile of bullshit. Furthermore, repealing the 16th amendment won't change anything. It was passed at a time when the constitution was actually considered a real legal document.

The Right Guy said...

It was also a time of progressivism.

KN@PPSTER said...

Chuck's right: Since at least as far back as the FDR era, SCOTUS has been blind to any meaningful limits on the federal government's powers.

From the perspective of "what message might help libertarians gain ground?" though, the "Fair" Tax is just particularly fucking stupid, probably the stupidest idea I've ever heard anyone put forward as "libertarian."

There's just simply no way on earth to put out the idea "hey, why don't we have the government send a check to every warm body in the country every month for life" as "libertarian," even if you lie your ass off and pretend that that check is a "tax rebate."

The Right Guy said...

Unfortunately there is no limit to taxation other than the vote and politicians are smart enough to send pork our way to keep the merry go round turning. Sure the congress has the ability to tax, but the 16th amendment made an institution of taxation. It's like an employee being in charge of his raises and department budget and he gets to spread money around to ensure he has a job. It's actually kind of comical in a sense. It's like the idiot that keeps falling for the hand buzzer. Now we have nearly 17 trillion dollars in debt and budge deficits that get bigger instead of smaller and in all of it, the people that seem to get the blame are the wealthy. The funny thing is, it's the non-wealthy that elect the morons that spent us into oblivion. No one involved wants to face the truth and take responsibility.

Erich Domdero said...
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