(Text is from last year's HR 25, which was the effective text until 2023-01-03. There will be changes to the dates and other things but the structure should be the same when the current HR 25 text is available Buddy Carter's copy of HR 25, 118th session.) Emphases added. Note: Section numbers are IRC section rather than bill section except as specified.
101: "(a) In General.—There is hereby imposed a tax on the use or consumption in the United States of taxable property or services. (b) Rate.— ... In the calendar year ... the rate of tax is 23 percent of the gross payments for the taxable property or service."
103(b)(2): "In the case of wages or salary paid by a taxable employer which are taxable services, the employer shall remit the tax imposed by section 101."
2(a)(14): "(A) GENERAL RULE.—The term ‘taxable property or service’ means ... (ii) any service (including any financial intermediation services as determined by section 801). (B) SERVICE.—For purposes of subparagraph (A), the term ‘service’— (i) shall include any service performed by an employee for which the employee is paid wages or a salary by a taxable employer ...."
Sounds to me like a wage tax of 23% in addition to a sales tax of 23%. You get hit with 23% when you get paid and you get hit with another 23% of what you spend on "taxable products". The current wage tax is 15.3% plus withholding. There's no savings argument to prefer the sales tax over the income tax.
101(b): "For years after the calendar year ..., the rate of tax is the combined Federal tax rate percentage (as defined in paragraph (3)) of the gross payments for the taxable property or service. (3) COMBINED FEDERAL TAX RATE PERCENTAGE.—The combined Federal tax rate percentage is the sum of— (A) the general revenue rate (as defined in paragraph (4)), (B) the old-age, survivors and disability insurance rate, and (C) the hospital insurance rate. (4) GENERAL REVENUE RATE.—The general revenue rate shall be 14.91 percent."
904(d): "The old-age, survivors and disability insurance rate shall be determined by the Social Security Administration. The old-age, survivors and disability insurance rate shall be that sales tax rate which is necessary to raise the same amount of revenue that would have been raised by imposing a 12.4 percent tax on the Social Security wage base (including self-employment income) as determined in accordance with chapter 21 of the Internal Revenue Code most recently in effect prior to the enactment of this Act. The rate shall be determined using actuarially sound methodology and announced at least 6 months prior to the beginning of the calendar year for which it applies."
904(e): "The hospital insurance rate shall be determined by the Social Security Administration. The hospital insurance rate shall be that sales tax rate which is necessary to raise the same amount of revenue that would have been raised by imposing a 2.9 percent tax on the Medicare" yatata yatata.
Sounds to me like after the first year the rate goes up to 14.91+12.4+2.9 or 30.21% if wages stay the same. That's 30.21% of wages plus 30.21% sales tax. Plus they get to increase it each year whenever they think they need more for the unfunded mandates including SS, SSI, MediWho, unemployment, probably lots of other benefits.
Bill section 2(e): "(3) It is sound tax administration policy to foster administration and collection of the Federal sales tax at the State level in return for a reasonable administration fee to the States; and (4) businesses that must collect and remit taxes should receive reasonable compensation for the cost of doing so."
Sounds to me like they want to bribe the several States and the employers to collect the tax at the "source" for them.
Add: More ghoulish provisions incoming.
Am I wrong in judging that this is a bait and switch that takes power out of the hands of the sovereign citizen and puts it in the hands of the people who leech off them?
FairTax is no baby step, it's the step over the cliff.
Baby step would be reducing federal income tax to zero over ten years leaving SS/Med for later. Everyone could agree on that as a step forward but the leeches who will be looking for work. Nobody puts a bill for that up every two years like this evil. Nobody shills for it either. It's just common sense that I can think of in ten seconds. I would just call up Ron Paul for the details of how to tell the feds to figure out how to say they're paying for things in the meantime (they don't actually pay for them, but they have a commitment to say they do). Not like the first thirty trillion debt destabilized us any.
When I read the book in 07 I was 18, and I didn't have much to compare it to, other than the shit system we had. Are we comparing shit to a shit sandwich? Or to perfection? Infact it was Ron Paul that turned me onto the book
I was in the midst of the Ron Paul Revolution of '07 too, but at that time Ron was reaching out to every group who had the same small-guv mindset. We stood shoulder to shoulder with the FairTax crowd because we both agreed on abolishing the IRS, by different routes, and because our unity demonstrated to the Republican establishment that they were wrong.
Now the answer being supplied to the Ron Paul Revolution is the Great Awakening, which has been very different. The same energy is not present. The unity over small government is not present. The tenuous unity over justice against criminals including child abusers is barely holding. If Scored had meetups in every state where I could say hi to you and we could go protest the local swamp creatures, we'd be in unity again despite our disagreement.
But this narrative is "enjoy the show" and input into the narrative is lacking. There is a real risk that this is not just a feint but this is a major plank of a uniparty platform to hide the crimes of the IRS and leave the destruction of hundreds of millions of people an unaddressed issue that can only be left to Jesus Christ to fix. Maybe it'll blow over but this one is too important for me not to take the chance.
Every tax system is the opposite of perfection. A perfect government works without needing taxation at all. Jesus is getting ready to show us just such a government.
I'm ready brother, Jesus take the wheel!