New Bill introduced will eliminate the IRS and replace federal income tax with a "Fair Tax" bill
(trendingpoliticsnews.com)
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I watched Reagan lower the rates and take away the deductions. Guess what, over time they raised the rates and we never got the deductions back.
I watched them pass the AMT ostensibly to make GE pay income taxes. Guess what, now now mid career couples are paying it.
Do I need to go on? I’ve watched these guys in action my entire career and when they start fucking with the tax code it’s not to save or make you or me any money. It’s to take more. There is A LOT to fear.