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The FairTax Book: Saying Goodbye to the Income Tax and the IRS The FairTax Book: Saying Goodbye to the Income Tax and the IRS by Neal Boortz
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The FairTax Book Quotes Showing 1-12 of 12
“In the next 25 years, we will see a 100 percent increase in the number of American retirees. The number of workers, however, will increase by only 15 percent. Given those numbers, how can these programs survive? Under our current tax code, these programs can be maintained only by increasing the tax on those who work, reducing benefits for those who have retired or by increasing the age of retirement.”
John Linder, The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS
“Do you consider America a great country? If so, why? Do you believe that America is great because of its government, as so many politicians do; or do you believe we’re a great country because of the dynamic energy that flows from a free people operating under the rule of law as they pursue their personal interests under a system of economic liberty? Make your choice.”
Neal Boortz, The Fair Tax
“Our current income tax plan was designed by politicians; as such, it was designed to benefit politicians and serve their ends. Frank Chodorov, one of America’s past champions of liberty, once observed that, by enacting the income tax, the American government was proclaiming that all wealth belonged to the government, and whatever wealth the government did not seize from the person who created it should be looked on as a concession—a gift from the government.”
Neal Boortz, The Fair Tax
“Dr. Larry Kotlikoff, chairman of the Economics Department at Boston University, recently concluded a study of Medicare and Social Security that showed that a permanent fix for Social Security and Medicare would cost $74 trillion in today’s dollars. You heard me right: Shortfall—that is, money we don’t have now and we sure won’t have then. When you consider the fact that total household net wealth in this country—and that includes all of us—is only $43.8 trillion, you can see the problem. (Let’s pause for a moment and try to put the scale of a trillion-dollars into perspective. If you started a business on the day Jesus Christ was born and lost $1 million per day, through yesterday, it would take you another 734 years to lose $1 trillion. Now multiply that by 74, and you’ll have a sense of how big the Social Security/Medicare shortfall really is.)”
Neal Boortz, The Fair Tax
“As Nobel laureate Milton Friedman wrote in 1962, “Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself…. Economic freedom is also an indispensable means toward the achievement of political freedom.”2”
Neal Boortz, The Fair Tax
“Our present tax system…exerts too heavy a drag on growth…It reduces the financial incentives for personal effort, investment, and risk-taking…the present tax load…distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities. —John F. Kennedy, November 20, 1962”
Neal Boortz, The Fair Tax
“Here’s a sobering fact: The government has a name—a label, if you will—for that portion of your earnings that you manage, by using standard tax deductions, to keep for your own uses instead of handing it over to the IRS. What name is that? Get this: They call it “tax expenditures.” How do you like that—the government considers the portion of your earnings that you are allowed to keep to be an “expenditure” that actually belonged to the government in the first place.”
Neal Boortz, The Fair Tax
“If you happen to have a U.S. $100 bill in your wallet right now, take it out and look at it. You are holding what has become the international currency for illegal behavior. Today, nearly three-quarters of all $100 bills circulate outside of the United States. Criminals like to hold their wealth in hundreds. Actually, this works to the benefit of the United States in a rather odd way. When the U.S. Treasury issues new banknotes, including $100 bills, it purchases an equal value of interest-bearing securities to cover the notes. When those banknotes are taken out of circulation, the government must pay off those securities, together with earned interest. So when three-quarters of all $100 bills are being secreted outside the United States, the Treasury Department saves money. How? As long as those bills remain in circulation, the government doesn’t have to pay off the securities issued to cover them. How much does that save us? Try about $32.7 billion in interest in the year 2000 alone.2”
Neal Boortz, The Fair Tax
“Plato wrote in The Republic during the fourth century BC, “Where there is an income tax, the just man will pay more and the unjust less on the same amount of income.”
Neal Boortz, The Fair Tax
“The income tax has made more liars out of the American people than golf has. —Will Rogers”
Neal Boortz, The Fair Tax
“Income tax returns are the most imaginative fiction being written today. —Herman Wouk”
Neal Boortz, The Fair Tax
“Congress went beyond merely enacting an income tax law and repealed Article IV of the Bill of Rights, by empowering the tax collector to do the very things from which that article says we were to be secure. It opened up our homes, our papers and our effects to the prying eyes of government agents and set the stage for searches of our books and vaults and for inquiries into our private affairs whenever the tax men might decide, even though there might not be any justification beyond mere cynical suspicion.      “The income tax is bad because it has robbed you and me of the guarantee of privacy and the respect for our property that were given to us in Article IV of the Bill of Rights. This invasion is absolute and complete as far as the amount of tax that can be assessed is concerned. Please remember that under the Sixteenth Amendment, Congress can take 100 percent of our income anytime it wants to. As a matter of fact, right now it is imposing a tax as high as 91 percent. This is downright confiscation and cannot be defended on any other grounds.      “The income tax is bad because it was conceived in class hatred, is an instrument of vengeance and plays right into the hands of the communists. It employs the vicious communist principle of taking from each according to his accumulation of the fruits of his labor and giving to others according to their needs, regardless of whether those needs are the result of indolence or lack of pride, self-respect, personal dignity or other attributes of men.      “The income tax is fulfilling the Marxist prophecy that the surest way to destroy a capitalist society is by steeply graduated taxes on income and heavy levies upon the estates of people when they die.      “As matters now stand, if our children make the most of their capabilities and training, they will have to give most of it to the tax collector and so become slaves of the government. People cannot pull themselves up by the bootstraps anymore because the tax collector gets the boots and the straps as well.      “The income tax is bad because it is oppressive to all and discriminates particularly against those people who prove themselves most adept at keeping the wheels of business turning and creating maximum employment and a high standard of living for their fellow men.      “I believe that a better way to raise revenue not only can be found but must be found because I am convinced that the present system is leading us right back to the very tyranny from which those, who established this land of freedom, risked their lives, their fortunes and their sacred honor to forever free themselves….” T. Coleman Andrews Commissioner of Internal Revenue, 1953–1955”
Neal Boortz, The Fair Tax