Comments on: HR 5970: A Triple Threat to the U.S. Economy http://www.freedomtalks.org/2006/08/03/hr-5970-a-triple-threat-to-the-us-economy/ The FreedomWorks blog dedicated to lower taxes and more freedom. Sat, 10 Jan 2009 00:23:45 +0000 http://wordpress.org/?v=2.6.3 By: Ronald http://www.freedomtalks.org/2006/08/03/hr-5970-a-triple-threat-to-the-us-economy/#comment-70490 Ronald Mon, 26 Nov 2007 18:17:13 +0000 http://www.freedomtalks.org/?p=411#comment-70490 REAL FEDERAL TOTAL TAX REFORM WE THE PEOPLE PAY ALL TAXES. REGARDLESS WHERE GOVERNMENT INITIALLY COLLECTS THE MONEY, ALL TAX MONEY ULTIMATELY COMES FROM US, THE PEOPLE. SINCE WE THE PEOPLE ARE THE ONE AND ONLY SOURCE OF ALL TAX REVENUE: THERE SHOULD BE ONLY ONE TAX TO COLLECT ALL TAX REVENUE. IT SHOULD BE A SINGLE, SIMPLE, FAIR, DIRECT, GRADUATED, INDIVIDUAL, FULL-INCOME TAX LEVIED ON LIVING PERSONS FOR EACH LEVEL OF GOVERNMENT: ONE TAX AND DONE. THE BEST THING THAT GOVERNMENT CAN DO TO HELP THE COUNTRY, THE PEOPLE, AND EVEN GOVERNMENT, IS TO REPEAL ALL OF THE MANY HUNDREDS, OR THOUSANDS OF EXISTING TAXES, FEES, AND CHARGES. THESE TAXES ARE THE FEDERAL DEFICIT. THESE TAXES ARE THE HIGH PRICE OF EVERYTHING. THESE TAX CUTS ARE SPENDING CUTS. EVERY TAX THAT IS ELIMINATED IS A TAX THAT WE THE PEOPLE NO LONGER HAVE TO PAY. THESE TAXES ARE THE DIFFERENCE BETWEEN THE PRICE WE IN THE UNITED STATES PAY MERCK OF VALLEY FORGE FOR MEDICINES, AND THE PRICE CANADIANS PAY MERCK OF VALLEY FORGE FOR MEDICINES. ELIMINATING THESE TAXES WILL REMOVE THEM FROM THE PRICE PAID FOR EVERYTHING BY EVERYONE, INCLUDING GOVERNMENT. THERE IS NO LIMIT TO THE BENEFITS ONE TAX AND DONE WILL PROVIDE. ONE TAX AND DONE CAN BECOME LAW BY WRITING A SINGLE BILL: EFFECTIVE DECEMBER 31, 2007, ALL EXISTING FEDERAL TAXES, FEES, AND CHARGES ARE REPEALED, AND ARE NULL AND VOID. EFFECTIVE JANUARY 1, 2008, ALL FEDERAL TAX REVENUE SHALL BE COLLECTED USING A SINGLE FULL-INCOME TAX LEVIED ON LIVING PERSONS. THERE SHALL BE NO EXEMPTIONS OR DEDUCTIONS. A THREE-FIFTH (3/5) MAJORITY VOTE BY THE SENATE AND THE HOUSE OF REPRESENTATIVES IS REQUIRED TO INCREASE TAX RATES. SIXTEEN PERCENT (16%) OF ALL TAX REVENUE SHALL BE PLACED IN A SEPARATE ACCOUNT NOT ACCESSIBLE TO CONGRESS, TO FUND SOCIAL SECURITY AND MEDICARE. THE OFFICIAL DEFINITION OF INCOME IS THIS: INCOME SHALL INCLUDE, BUT NOT BE LIMITED TO, WAGES, SALARY, TIPS, ROYALTIES, STOCK OPTIONS, INHERITANCES (NOT INCLUDING PRIMARY FAMILY RESIDENCES BEQUEATHED TO SPOUSES; OR FAMILY FARMS OR SMALL FAMILY BUSINESSES BEQUEATHED TO FAMILY MEMBERS), ALL INTEREST INCLUDING THAT FROM MUNICIPAL BONDS, DIVIDENDS, CAPITAL GAINS (NOT INCLUDING INCREASE IN ASSESSED VALUE OF FAMILY HOME), PENSION PAYMENTS, WELFARE PAYMENTS, FOOD SUBSIDIES, CLOTHING SUBSIDIES, HOUSING SUBSIDIES, ALL BENEFITS AND PERQUISITES OF PUBLIC OFFICE, PROFITS RECEIVED BY OWNERS OF SMALL BUSINESSES, AND PROCEEDS FROM ALL CRIMINAL ACTIONS. REAL FEDERAL TOTAL TAX REFORM
WE THE PEOPLE PAY ALL TAXES. REGARDLESS WHERE GOVERNMENT INITIALLY COLLECTS THE MONEY, ALL TAX MONEY ULTIMATELY COMES FROM US, THE PEOPLE. SINCE WE THE PEOPLE ARE THE ONE AND ONLY SOURCE OF ALL TAX REVENUE:
THERE SHOULD BE ONLY ONE TAX TO COLLECT ALL TAX REVENUE. IT SHOULD BE A SINGLE, SIMPLE, FAIR, DIRECT, GRADUATED, INDIVIDUAL, FULL-INCOME TAX LEVIED ON LIVING PERSONS FOR EACH LEVEL OF GOVERNMENT: ONE TAX AND DONE.
THE BEST THING THAT GOVERNMENT CAN DO TO HELP THE COUNTRY, THE PEOPLE, AND EVEN GOVERNMENT, IS TO REPEAL ALL OF THE MANY HUNDREDS, OR THOUSANDS OF EXISTING TAXES, FEES, AND CHARGES. THESE TAXES ARE THE FEDERAL DEFICIT. THESE TAXES ARE THE HIGH PRICE OF EVERYTHING. THESE TAX CUTS ARE SPENDING CUTS. EVERY TAX THAT IS ELIMINATED IS A TAX THAT WE THE PEOPLE NO LONGER HAVE TO PAY. THESE TAXES ARE THE DIFFERENCE BETWEEN THE PRICE WE IN THE UNITED STATES PAY MERCK OF VALLEY FORGE FOR MEDICINES, AND THE PRICE CANADIANS PAY MERCK OF VALLEY FORGE FOR MEDICINES. ELIMINATING THESE TAXES WILL REMOVE THEM FROM THE PRICE PAID FOR EVERYTHING BY EVERYONE, INCLUDING GOVERNMENT.
THERE IS NO LIMIT TO THE BENEFITS ONE TAX AND DONE WILL PROVIDE.

ONE TAX AND DONE CAN BECOME LAW BY WRITING A SINGLE BILL:
EFFECTIVE DECEMBER 31, 2007, ALL EXISTING FEDERAL TAXES, FEES, AND CHARGES ARE REPEALED, AND ARE NULL AND VOID.
EFFECTIVE JANUARY 1, 2008, ALL FEDERAL TAX REVENUE SHALL BE COLLECTED USING A SINGLE FULL-INCOME TAX LEVIED ON LIVING PERSONS. THERE SHALL BE NO EXEMPTIONS OR DEDUCTIONS.
A THREE-FIFTH (3/5) MAJORITY VOTE BY THE SENATE AND THE HOUSE OF REPRESENTATIVES IS REQUIRED TO INCREASE TAX RATES.
SIXTEEN PERCENT (16%) OF ALL TAX REVENUE SHALL BE PLACED IN A SEPARATE ACCOUNT NOT ACCESSIBLE TO CONGRESS, TO FUND SOCIAL SECURITY AND MEDICARE.
THE OFFICIAL DEFINITION OF INCOME IS THIS: INCOME SHALL INCLUDE, BUT NOT BE LIMITED TO, WAGES, SALARY, TIPS, ROYALTIES, STOCK OPTIONS, INHERITANCES (NOT INCLUDING PRIMARY FAMILY RESIDENCES BEQUEATHED TO SPOUSES; OR FAMILY FARMS OR SMALL FAMILY BUSINESSES BEQUEATHED TO FAMILY MEMBERS), ALL INTEREST INCLUDING THAT FROM MUNICIPAL BONDS, DIVIDENDS, CAPITAL GAINS (NOT INCLUDING INCREASE IN ASSESSED VALUE OF FAMILY HOME), PENSION PAYMENTS, WELFARE PAYMENTS, FOOD SUBSIDIES, CLOTHING SUBSIDIES, HOUSING SUBSIDIES, ALL BENEFITS AND PERQUISITES OF PUBLIC OFFICE, PROFITS RECEIVED BY OWNERS OF SMALL BUSINESSES, AND PROCEEDS FROM ALL CRIMINAL ACTIONS.

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