• Capital Gains
  • Refunds
  • Tax Returns
  • Payroll
  • Gift Tax
  • Tax Forms
  • Tax Brackets
  • Pensions
  • Savingss
  • HR 25 Fair Tax Review

  • Tax Code
  • Audits
  • Tax Preparers
  • Business Taxes
  • Estate Tax
  • It's Your Money

    Pass FairTax to get rid of hidden taxes #HR25

    December 15th, 2014 by HR25 Fair Tax Review   |   No Comments

    Dear Editor: Economist Jonathan Gruber was paid millions for research and promotion of Obamacare; $400,000 was from Wisconsin.

    President Obama was in the room for Gruber’s Cadillac tax discussion. They couldn’t figure out how to tax Cadillac health care plans. They couldn’t tell the taxpayers about the tax because the bill wouldn’t pass. John Kerry offered the idea of not taxing people, but instead taxing those nasty insurance companies. Gruber, in 2012, on Americans’ lack of understanding economics: “We just tax the insurance companies. They pass on higher prices that offsets the tax break we get — it ends up being the same thing. It’s a very clever, you know, basic exploitation of the lack of economic understanding of the American voter.” Basically he’s saying all business taxes are passed on to consumers.

    This means that liberals agree with Alan Greenspan, who said in 2003 in response to a question, “What happens is you impose taxes on organizations, which then deflect them elsewhere. At the end of the day, only people pay taxes.”

    All of the taxes that businesses pay end up being added to the cost of their product or service. All of the paperwork, accounting, record keeping, it all gets added to the costs that consumers pay. Gruber knows this, as do Obama and all other economists and politicians.

    Passage of the FairTax will remove these hidden costs and eliminate federal deductions from our paychecks. We’ll take home our gross pay minus state income taxes.

    Article By: Al Ose

    Leave a Comment