On Saturday, August 21, Dr. Mike Beitler, Libertarian candidate for US Senate, will be at the NC State Fairgrounds to participate in the NC IRS Tax Shredding Party hosted by NC FairTax. The event is between 12:30-3:30 at the North Carolina State Fair Grounds – Jim Martin Building. 4th District Republican candidate BJ Lawson will ceremonially shred a copy of the tax code. Congressional candidates that are in favor of the FairTax have also been invited to speak.
Benjamin Franklin is often quoted with the phrase, “”In this world nothing can be said to be certain, except death and taxes.” Indeed over 200 million taxpayers file their returns before April 15 of each year. But are income taxes necessary?
According to the Libertarian Party’s issue statement on taxes,
Before 1913, federal income taxes were rare and short-lived. America became the most prosperous nation on earth. The U.S. Government did not try to police the world or play “nanny” to everyone from cradle to grave. People took responsibility for themselves, their families, and their communities. That is how the founders of America thought it should be. And it worked. It can again!
The FairTax is a proposal laid out in The FairTax Act (HR 25, S 1025) that would replace all federal income taxes with a single national retail sales tax. The tax would be levied on all new goods and services for personal consumption at the point of sale. The rate would be set at 23%.
Taxes eliminated include all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.
Dr. Beitler explains his position against the income tax. “No government should punish hard work and savings. If we want truly want to stimulate the economy, we must stop discouraging hard work and savings in America. More than 20% of the cost of everything we buy is the embedded cost of the current tax system. The current tax system has countless loopholes for special-interest groups and is hopelessly complicated. The 16th Amendment should be repealed. The IRS should be abolished.”
