86. "The Fair Tax Book: Saying ..." by Boortz & Linder

"The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS" by Neal Boortz & John Linder

Excellent book. Extremely logical and well organized to explain TOTAL taxes you pay -- that is your income tax, as well as, the hidden taxes in consumer products passed through by every entity involved in the creation of the product. A study by Dr. Dale Jorgensen, chairman of Harvard Economics Department, is referenced and shows an average of 22% of every every dollar you spend on a product or service is due to taxes of businesses (growers, transportation, manufacturing, marketing, insurance, etc.) passed through to the consumer. In other words, the 35% taxes paid by businesses on their profits, are really paid by you and me when we buy their products -- i.e., the hidden taxes imposed on YOU. The authors explain how a flat tax of 23% on the sale of products and services can REPLACE the IRS and all the tax code mess -- this includes business taxes, Social Security and Medicare taxes (yes, those deductions from your pay you ignore), individual income taxes. Here's the real kicker -- you wouldn't think so, but the low income people make out like bandits with the flat plan described in this book. Plus, there are side benefits, like bringing businesses back home to America, as well as, dollars kept in foreign banks and foreign businesses to America. I'm on the the chapter Questions and Objections at the very end of it. Plus, I'll be reading its follow-on 2008 copyright "The Fair Tax: The Truth, Answering the Critics." I believe understanding and believing Dr. Jorgenson't study is the key to accepting this plan and I will search for it. Assuming it is statistically valid, the flat plan is very convincing. I listed "politics" as a topic key word for this post because like everything else, regardless of the validity of a plan, the other party will always oppose. This blows my mind! When the logic is solid and congress people still oppose, common sense says those opposed are clueless and should be shitting on their home throne instead of a congressional seat. We the People need to take our country back. I highly recommend this book. Share your comments if you read this.