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The Current Tax System

A Letter to the Tax Reform Panel: FairTax Boon to Home Building

(Forrest K Harstad)
I’d like to explain how the FairTax will be one of the greatest boons to homeownership and the home construction industry in the history of America.
I have been a Realtor since 1975 and a home builder/ developer since 1980 in the metro area of Minneapolis/St Paul, Minnesota.
First, the FairTax eliminates the imbedded expenses [...]

Tax Cut Rally

Your chance to express your displeasure, not necessarily against taxes that are exorbitant and unfair, but taxes that are too high while going higher, and a Congress that has a expressed goal of driving taxes to the point of stalling out and bankrupting the economy of our Country. TAX AND SPEND, TAX AND SPEND [...]

What the federal tax system is costing you – besides your taxes!

In her testimony before Congress, Nina Olson, the National Taxpayer Advocate, said the following regarding the impact of noncompliance on taxpayers, in general: “If we divide the 2001 net tax gap estimate of $255 billion by 130 million individual taxpayers, we can see that each of those taxpayers in 2001 paid, on average, an extra $2,000[...]

Alexander Hamilton On Taxation

HAVING in the three last numbers taken a summary review of the principal circumstances and events which have depicted the genius and fate of other confederate governments, I shall now proceed in the enumeration of the most important of those defects which have hitherto disappointed our hopes from the system established among ourselves. To form a safe and satisfactory judgment of the proper remedy, it is absolutely necessary that we should be well acquainted with the extent and malignity of the disease.

Origins of the Income Tax

( The federal income tax was established in 1913. It actually required an amendment to the United States Constitution to make it legal. Why? Our Founding Fathers believed that taxing individuals on their private income was economic folly. They were right. The absence of an income tax, a tax on productivity, allowed our economy to [...]