Thanks Marge. I am an advocate of whatever version of a flat tax Paul Ryan may support. A visiting ABEX metallurgist from Mahwah , N. J. just NW of NYC advocated this to me 48 years ago.
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Sent: 4/16/2015 6:38:16 A.M. Eastern Daylight Time
Subj: CoastZone: Fair Tax Alternative - Space Exploration
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Fair Tax Alternative:
In the first half of Wednesday's show, tax change advocate Bill Spillane discussed the 'FairTax' alternative-- a flat retail tax that would replace income and payroll taxes, along with a rebate for those who can't afford it. The current US income tax code is "a giant anchor on our ship, and we're trying to drag that anchor down the waterway and it's slowing us down and causing us all kinds of trouble," such as sending jobs overseas, and making locally made products more expensive, he remarked. The FairTax is not merely a reform-- it's an actual replacement for all forms of federal income taxes, including estate taxes, capital gains, alternative minimum, self-employment etc., he explained.
People will have more money in their pockets and can decide how they would like spend it. According to the plan, everyone will pay the same flat tax rate at the cash register-- 23%. Legal residents will be eligible for a "prebate"-- a rebate on taxes based on the size of their family, which makes the tax progressive, he explained, adding that the amount of tax a person pays will depend on how much they spend buying items. One benefit of FairTax is that it will create enormous job opportunities in the US, as new business investment comes flooding in, he said. Spillane suggested that people contact their local political representatives to push for the H.R. 25 FairTax Act (Congress, currently has 67 Representatives as co-sponsors) and the S. 155 FairTax Act (Senate, currently has 6 Senators co-sponsoring). |
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Pic Fix:
The record breaking drought in California has led to a sweeping set of water restrictions. Check out a photo gallerydepicting the parched conditions in the Golden State, and how water usage will be affected.
Today in Strangeness:
On this date in 1866, a leaking crate of nitroglycerin in San Francisco exploded, leveling a Wells Fargo office and all surrounding buildings. And on this day in 1943, Swiss chemist Albert Hoffman accidentally discovered thehallucinogenic effects of LSD.
Tonight's Show, Thursday, April 16th:
Broadcast and print journalist, Gary Grossman will discuss research into deep time and a young Earth, ancient civilizations, shadowing secret societies, the secret Vatican archives, and an astounding discovery that asks, ''If you had to leave your footprints in the sand billions of years ago, how would you do it?'' |
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