Quote:
Originally Posted by aegsm76
|
The Fair Tax isn't the worst idea by far. However, the probability of getting the Fair Tax as it is presented is rather unlikely. The Constitution states:
Amendment XVI
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration.
This means that the Government has a "Constitutional" power to collect income taxes. In order to eliminate income taxes, there would have to be another Constitutional Amendment passed to eliminate this power. Else we'd get a national sales tax (essentially a VAT tax) on top of our income taxes. And sadly, the process to produce such an Amendment would include needing support from two thirds of both houses of Congress, and three fourths of all state legislatures ratifying. And this is highly unlikely. So, it's like proposing we arm unicorns as part of our secret military weapon.
The Flat Tax is a flat tax on income. Therefore, no Constitutional Amendment is necessary. It just has to be passed by Congress and signed into law. This makes the Flat Tax a far more obtainable goal.