Minnesota Group: Revamp America's Tax System

Saturday, 26 Feb 2011 05:28 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
FairTax Minnesota continues to lobby for revamping the country’s tax system by replacing the income tax with a tax on consumption, the Bemijdi Pioneer reports.

Rob Benson, the communications director for FairTax Minnesota, is saxby,chambliss,FairTax, Minnesota, tax, reformpresenting his group’s ideas across the state. The consumption tax idea is backed by U.S. Sen. Saxby Chambliss and U.S. Rep. Rob Woodhall, both Republicans of Georgia.

The proposed changes in the tax system would abolish all federal taxes on personal and corporate income, gifts, estate, capital gains, Social Security, Medicare and self-employment. All those taxes would be replaced by one simple federal retail sales tax administered primarily by existing sales tax authorities in each state, according to FairTax Minnesota’ website.

The consumption tax would raise more money than the current system. And it would allow workers to keep their entire paycheck, the newspaper reported. The proposal has been supported in the past by Minnesota U.S. Rep. Collin Peterson.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved