Office Spam™

This nifty piece of Office Spam was submitted by Eric.

Become part of a new American revolution to rid ourselves of the income tax, and theIRS. Here is why the FairTax will make a good U.S. tax system REPLACEMENT. The FairTax is:

• SIMPLE, easy to understand
• EFFICIENT, inexpensive to comply with and doesn't cause less-than-optimal business decisions for tax minimization purposes
• FAIR, loophole free and everyone pays their share
• LOW TAX RATE, achieved by broad base with no exclusions
• PREDICTABLE, doesn't change, so financial planning is possible
• UNINTRUSIVE, doesn't intrude into our personal affairs or limit our liberty
• VISIBLE, not hidden from the public in tax-inflated prices or otherwise
• PRODUCTIVE, rewards, rather than penalizes, work and productivity

Its benefits are as follows:

FOR INDIVIDUALS:
• No more tax on income - make as much as you wish
• You receive your full paycheck - no more deductions
• You pay the tax when you buy "at retail" - not "used"
• No more double taxation (e.g. like on current Capital Gains)
• Reduction of "pre-FairTaxed" retail prices by 20%-30%
• Adding back 29.9% FairTax maintains current price levels
• FairTax would constitute 23% portion of new prices
• Every household receives a monthly check, or "pre-bate"
• Pre-bate equals payback for taxes on spending to poverty level
• FairTax's pre-bate ensures progressivity, poverty protection
• Finally, citizens are knowledgeable of what their tax IS
• Elimination of "parasitic" Income Tax industry
• NO MORE IRS. NO MORE FILING OF TAX RETURNS by individuals
• Those possessing illicit forms of income will ALSO pay the FairTax
• Households have more disposable income to purchase goods
• Savings is bolstered with reduction of interest rates

FOR BUSINESSES:
• Corporate income and payroll taxes revoked under FairTax
• Business compensated for collecting tax at "cash register"
• No more tax-related lawyers, lobbyists on company payrolls
• No more embedded (hidden) income/payroll taxes in prices
• Reduced costs. Competition - not tax policy - drives prices
• Off-shore "tax haven" headquarters can now return to U.S
• No more "favors" from politicians at expense of taxpayers
• Resources go to R&D and study of competition - not taxes
• Marketplace distortions eliminated for fair competition
• US exports increase their share of foreign markets

FOR THE COUNTRY:
• 7% - 13% economic growth projected in the first year of the FairTax
• Jobs return to the U.S.
• Foreign corporations "set up shop" in the U.S.
• Tax system trends are corrected to "enlarge the pie"
• Larger economic "pie," means thinner tax rate "slices"
• Initial 23% portion of price is pressured downward as "pie"
increases
• No more "closed door" tax deals by politicians and business
• FairTax sets new global standard. Other countries will follow

The first step is to "Sign the Petition" at http://fairtax.org and join a million other Americans who are fed of with a 4-foot tall tax code that is responsible for deals made between 52% of the lobbyists in Washington, and politicians who are supposed to be serving OUR interests. FairTax is revenue neutral, but lets us pay taxes when WE decide to buy something new, at retail, for ourselves or our families.

I Laughed and Laughed Until.......I CRIED :(

I think taxes on a used vehicle are a rip off. The taxes on that vehicle were paid when it was bought new.
Ian, The country couldn't support itself on your proposed "sales tax only" system. There is a need for a change, but that isn't it. All that would do is create a gigantic black market of people and businesses bartering to avoid the tax. There would still be an IRS to chase tax evaders.
I am all for simplifying the tax code and closing loopholes, but your idea would bankrupt the country.

good, bankrupt this corrupt government. wipe the slate clean and start over. our government is nothing more than a putrid stew of greedy corporate whores.