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| Reminder from: | LibertyStudents Yahoo! Group | |
| Title: | http://tinyurl.com/7lssy Growth Trends Downward Under Income Tax | |
| Date: | Wednesday July 1, 2009 | |
| Time: | 12:00 pm - 12:00 pm | |
| Repeats: | This event repeats every year until Sunday December 30, 2012. | |
| Location: | (Investing Suffers With First Fruits Taken) “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” - T. Coleman Andrews, Commissioner of Internal Revenue, 1953-1955. The FairTax (H.R. 25, if enacted) will eliminate death taxes, the graduated income tax, and bolster capitalist production because it will be based upon that production, rather than on the back of the daily wage earner who makes that production possible. More capital for investors means more capital formation for use in creating wealth. Taxing that wealth (not workers’ income) should be what a capitalist tax system is all about – the FairTax is. Instead of taxes being confiscated, and withheld, from every hour's work, the FairTax - a tax on *spending* rather than income - *ends* withholding, ends the 1040, and provides families with a *monthly check* -- in ad | |
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