Amends the Internal Revenue Code to impose a 1% fee, offset by a
corresponding nonrefundable income tax credit, on transactions that
use a payment instrument, including any check, cash, credit card,
transfer of stock, bonds, or other financial instrument. Defines
"transaction" to include retail and wholesale sales, purchases of
intermediate goods, and financial and intangible transactions.
"Repeals after 2017 the individual income tax, refundable and
nonrefundable personal tax credits, and the alternative minimum tax
(AMT) on individuals."
LOL! Like Republicans are gonna save the country.
The two parties work for the banks, not the people. When are
people gonna wake up to the fact that there is no difference
between the republocrates and the democans.
Just make me dictator for 6 months (forget 4 years)and I'll sort
it all out...I promise you hope and change! Has the market made a
new high or topped yet, LOL.
new 1% tax proposal from the Democrats
Posted by ditch on 18th of Oct 2010 at 01:23 pm
http://thomas.loc.gov/cgi-bin/bdquery/D?d111:1:./temp/~bdxE3V:@@@D&summ2=m&|/bss/d111query.html|
Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines "transaction" to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions.
http://fattah.house.gov/
food for thought - if
Posted by PA on 18th of Oct 2010 at 03:17 pm
food for thought - if the US issued its own money, there would be no need for taxes.
and also does away with
Posted by Michael on 18th of Oct 2010 at 01:43 pm
and also does away with personal income tax in 2017? hard to believe a 1% VAT will replace the income tax.
Only does away with tax
Posted by ditch on 18th of Oct 2010 at 01:47 pm
Only does away with tax credits = more taxes !
"Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals."
1% is a teaser rate
Posted by hazbin1 on 18th of Oct 2010 at 01:53 pm
1% is a teaser rate
Stupid Republicans
Posted by perthx on 18th of Oct 2010 at 02:17 pm
They need to start educating the people about the benefits of the FAIR TAX and get that moving as a major issue for 2012.
If they would get behind it and believe it and sell it, our country might be saved. But they are too stupid and greedy for power.
Still too many Rinos like McCain.
LOL! Like Republicans are gonna
Posted by jtverr on 18th of Oct 2010 at 02:23 pm
LOL! Like Republicans are gonna save the country. The two parties work for the banks, not the people. When are people gonna wake up to the fact that there is no difference between the republocrates and the democans.
forget the Reps and Dems
Posted by perthx on 18th of Oct 2010 at 02:33 pm
Just make me dictator for 6 months (forget 4 years)and I'll sort it all out...I promise you hope and change! Has the market made a new high or topped yet, LOL.
How about Retardlicans and Dumbocrats? Now,
Posted by lsherrer on 18th of Oct 2010 at 02:25 pm
How about Retardlicans and Dumbocrats?
Now, can we put politics aside?