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 September 2005 OTBW Newsletter  
 

       
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             FAIR TAX = MORE ROUNDS & MORE SALES!

Farmers do not spend all their time harvesting. Healthy soil must be maintained. Businesses must also spend some time and effort to maintain a healthy political and economic environment that will permit success.  

What does The Fair Tax have to do with golf?   Everything.  It would have an immediate and permanent impact on number of rounds played and shop sales.  The Fair Tax Act is before the US Congress and gaining momentum!  The future of your business and job, even the very future of our nation, may depend on the passage of this tax.   It is time for all Americans to understand the basics and unite in our demands that congress pass this act!

Read the whole book (link below) to get the logic and research.   The following is a summary: 

FAIR TAX DEFINITION:

The Fair tax is a one time sales tax included in the final price of all new goods and services. (It is not a VAT or Value Added Tax which re-taxes the added value at every stage of manufacture).

FAIR TAX PROVISIONS:

The Fair tax would replace and repeal:

 The income tax, both personal and corporate.
 The alternative minimum tax (AMT)
 Capital Gains Tax
 Social Security Taxes
 Medicare Taxes
 Self-employment tax
 Estate Taxes (the death tax)
 Gift taxes

“Prebate” Checks FROM the government TO every household every month!! Every head of household will receive a “prebate” check every month to cover the cost of the taxes on necessities. These checks could range from $183 per month for single people to over $700 for large families – so nobody is paying tax on essentials.

There will be no more withholding.

All of us would have 100% of our checks to spend, plus the “Prebate” above.

Businesses collecting the tax would be paid ˝ of 1% as fair compensation.

FAIR TAX PROSPECTIVE RESULTS:

 The federal government would have the same level of tax income they now have. If reform is required, that would be a separate and different issue.
 Social Security and Medicare benefits would not be changed by the Fair Tax. If reform is required, that would be a separate and different issue.
 Prices of good and services will remain approximately the same because, the income tax presently embedded in the price of goods would disappear, so prices would go down by approximately (22%). The Fair tax is 23%, so resulting prices should be roughly unchanged.
 The rich would pay the most because they buy the most.
 Criminals who are not paying any tax at all now would be taxed on everything they buy.
 The underground economy of untaxed cash business would be taxed when they spend.
 Foreigners who purchase American goods here or abroad would be paying the Fair tax.
 The IRS would no longer exist.
 The IRS Code with all it’s political favoritism would no longer exist.
 Politicians would have no tax loopholes with which to reward large campaign contributors.
 Lobbyists in Washington would have nothing to lobby for.
 Wasting valuable time preparing and filing a tax return would no longer be required.
 Forfeiting private information to a government agency would cease.
 Not Spending valuable resources to comply with impossible laws would save billions.
 Accountants could use their skills for business reasons instead of tax reasons.
 Savings and investments could be made for economic reasons, not tax reasons.
 Offshore Capital would return and be invested in the economy.
 Charitable institutions would gain because those who support them would gain.
 The American economy would experience a boom and be far more competitive than any other country, which would result in more jobs and profits. Our trade balance with other nations would reverse itself in our favor as they brought their manufacturing plants to our country and hired our workers in order to compete in world markets. Their present tax burdens (like our present system) are inefficient and wasteful. Those foreign systems would not be able to compete with the Fair Tax system in America.

Is anyone opposed to the Fair Tax? Yes – in a nutshell – anyone who has a vested interest in the corruption, waste and coercion of the present system(s).

 Politicians whose votes are for sale to large contributors
 Corporate lobbyists (corporations would benefit)
 Union lobbyists (union members would benefit)
 Criminals who pay no tax now.
 The untaxed underground economy.
 Illegal immigrants and foreign visitors who would not receive prebate checks but would pay the tax with every purchase.
 Foreign governments who will not be able to compete with us.

These are the basic facts. Anyone who opposes the Fair Tax is either deliberately misrepresenting it or willfully ignorant of the facts. Political elements which have made it their strategy to promote class envy would be rendered irrelevant if everyone were treated equally.

What about the poor? Without withholding, workers would have 100% of their checks to spend, plus they would get a prebate check every month from the government! This is a two fold increase in purchasing power! Prices would be the same and new jobs would be created. What is not to like? Anyone claiming to represent the poor should be ecstatic about the Fair Tax.

Is the Fair Tax a liberal or conservative concept? It is good for everybody in any party except the extreme fringe element who overtly, covertly or unconsciously want totalitarian government and destruction of personal rights and private property. Opponents include all those who subscribe to any of the “isms” such as communism, socialism, fascism, etc. A graduated income tax is the Second Plank in the Communist Manifesto. Any American who values our Constitution and liberties should favor the Fair Tax.

WHAT TO DO: (the persons sending this email have no financial interest in any of the following):

 Buy the Fair Tax book, and
 Sign the Petition    http://www.fairtax.org/

 Write your Senators and Congressmen:
 Send this information to everyone on your list
 Go to town hall meetings. Get excited and mad!
 Talk to friends and neighbors.
 Write letters to the editor
 Contribute to the organization on the website.
 What ever else you can think of.

This is our nation; the land of the free and the home of the brave. If we want to restore our freedoms, jobs and economy to our full robust potential, we must at least be brave enough to DEMAND the Fair tax. Your Senators and Congresspersons are waiting to hear from you. Without your demands, the lobbyists and big contributors will continue to rule the politicians. LET THEM KNOW THAT YOU WILL NOT VOTE FOR OR SUPPORT ANY CANDIDATE OR PARTY THAT DOES NOT SUPPORT THE FAIR TAX!!!!! CALL THEM AND RE-SEND YOUR EMAILS TO THEM EVERY WEEK! BE POLITE BUT RELENTLESS.


If excellence is your standard, OTBW is your program.

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