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Is a ‘Fair Tax’ the Answer?

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  • Description

    Author Neal Boortz argues a ‘Fair Tax’ could solve the nation’s economic problems.

  • Duration 3:38
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This transcript is automatically generated

Thank you.

I wanted to GOP candidates is running under the flag of the fair tax Herman -- Defended his position this weekend and Fox's Journal Editorial Report.

To explain to the American people.

That it not only eliminates the the withholding tax bubble spike in world -- the payroll tax.

But that it also eliminates the it would we -- need to spend 10% of what we spend on the RS you know those people that abuse that's right harass us right what they go away they have a plan.

Find new jobs.

Now is Neal Boortz -- of the fair tax book and host of the Neal Boortz -- radio show deal.

I can't believe -- -- -- really known really but brought this issue up last night on the debates her McCain I love this get rid of the IRS fair tax you're on board tell us about it.

What you know also Michelle Bachmann is on board with the fair tax -- well so she's another proponent that was on that stage up there in New Hampshire last night.

But you -- we've we've explained the fair tax a number times I can make it real simple it gets rid of all business taxes and all personal taxes.

All of those that are payable to the federal government.

Including the death tax capital gains dividends payroll income.

And it just replaces them what a consumption tax.

And Eric -- you know all of those taxes are already reflected.

In the price of everything we buy right now so basically.

You're just.

Getting rid of all of these taxes.

Put it right back into the price of the goods we buy in the form of a consumption tax after states collect that.

Pay it off to the federal government and -- -- we don't have to keep any records we don't have the IRS on our backs.

And we get 100% of every paycheck.

Plus we never pay a tax to the federal government right up to the poverty level we get there.

-- applied for our families first hand held everyone participates right now 43% of households in America don't pay federal income tax point -- this one.

Hookers and drug dealers have indicated their fair share tax is -- right.

Eric I think that the latest statistic was that 51% of households don't have any federal income tax liability but you're right.

Illegal immigrants.

I mean if you go out there and you buy a lot -- You're participating in funding the operation of the federal government.

And -- I mean even and LRB.

Officials who were at the bottom of the list right now when it comes to walk.

Never mind -- are even they would have to be paid a fair to deal what are the odds of getting a fair tax asset it is realistic that we may see a fair tax anytime soon.

Eric the more people talk about it the more the people liked it but you know because we've we've discussed it didn't person.

And in on the tube a number of times.

It is a massive.

Transfer of power from government to the people.

Government doesn't give power to the people people have to take back the power from government.

And you have a lot of lobbyist in Washington DC.

Who are going to be looking.

For some other way to earn a living that when they lose the ability to gain the tax system.

Offer 34500000.

Dollars a year fair amount of children and this yes I'm a fan and I get it's I am a fan of -- McCain and in Michelle Bachmann now they tell me she's on board as well I'm -- them absolutely I do get have to leave it at thank you very much for joining us states are okay --

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