Because I saw something about it on the news about a week or so ago but I haven't heard about it since.
2007-12-04 16:32:05 · 8 answers · asked by leya 2 in Business & Finance ➔ Taxes ➔ United States
Are you talking about the "fair tax" proposal that a has been around for awhile, but now a couple of the presidential candidates are touting? Don't hold your breath until that one gets passed. It can sound real good on the surface - at least the name sounds inviting - but if you look at it real closely, there are a lot of holes in the "plan" - and yes I've read N. Boortz's book, and yes, the holes are still there. And it would hit the poor hard, the middle class harder, and give a really nice break to the wealthy - and people call this "fair"?. Isn't going to happen. And even if it did, there would still have to be an organization to administer it and verify the "prebate" claims - you could name it something other than the IRS, but it would still be needed.
2007-12-04 16:41:53 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Some naive folks have been touting a grossly expensive national sales tax under the misnomer "Fair Tax" for about 10 years now. They do claim that it would "eliminate" the IRS. However as it would be a tax (with a massively expensive monthly rebate feature) that only an agency with the size and power of the IRS could ever hope to administer it. At best it would rename the IRS with some other feel good name but the names and faces behind the scenes (and the immense power) would be the same. About the only thing that would change would be the numbers on the forms that the businesses that collected the taxes would have to file.
2007-12-04 16:43:17 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Proponents of the "national sales tax with prebates" which they have inappropriately named the fair tax claim the national sales tax would eliminate the IRS.
What they barely mention is that the fair tax proposal includes using federal funds to increase the size and authority of state tax departments. The reasoning is that since most states collect sales tax anyway, the responsibility for collecting the federal sales tax should be given to the states.
So basically, even if the IRS was eliminated there would still be huge tax collection agencies in operation. Like much involved with the fair tax ideas, the elimination of the unpopular IRS is another smoke and mirrors attempt to make a regressive tax look palatable.
2007-12-05 04:13:22 · answer #3 · answered by taxreff 7 · 1⤊ 0⤋
People sometimes put forward proposals like "the flat tax" or "eliminate income tax and use only a sales tax." But these ideas face huge political obstacles before they could be enacted. And we would still need the IRS or someone to collect them.
2007-12-04 16:43:12 · answer #4 · answered by hottotrot1_usa 7 · 1⤊ 0⤋
I have no clue what could do that. I think the only way we would do that is to turn to a total communist type society where we receive no pay, except from the government, so taxes are a thing of the past.
I would definitely be interested to know what this was that you heard about though.
2007-12-04 16:36:05 · answer #5 · answered by moonman 6 · 0⤊ 0⤋
The IRS will not be eliminated. Even if it did, something else will take its place. How else could our country operate without obtaining revenue?
2007-12-05 12:46:49 · answer #6 · answered by Gary 5 · 0⤊ 0⤋
Don't hold your breath waiting for the IRS to disappear. That's been proposed for over 50 years.
2007-12-05 02:00:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No, I haven't heard about that. Don't look for the IRS to disappear anytime soon. It never will.
2007-12-04 16:39:36 · answer #8 · answered by Ratchet 4 · 1⤊ 0⤋