Homestead mailing list

[Clansgian AT wmconnect.com]

In a message dated 6/8/2005 11:34:30 AM Eastern Standard Time, 
genegerue AT ruralize.com writes:


> I've not done my own tax return for quite a long time. I just checked the 
> 2004 tax tables and it looks like everyone pays some tax, about ten 
> percent, even with low income. Sigh. It's times like this that I feel old.
> 

Perhaps that's why you misunderstand.  Everyone who has income over and above 
deductions and adjustments and whatever else that stuff is called, pays some. 
 But stay under that rather generous amount, and no INCOME tax is owed.  

FICA (geezer tax) gets ya though.  That one's 15%.  All income after 
expenses.  No deductions.  Offset for most low income folks by the income 
redistribution scheme of EIC however.

We need to go with the FairTax.  See www.fairtax.org  With that, every family 
(EVERY family, regardless of income) gets a check for poverty level tax 
expenditures for that month at the beginning of the month.  Used items are 
not 
taxed.  Hidden taxes are eliminated.  IRS, eliminated.  What's not to love.

Denise