J. Peter Grace was the head of a volunteer committee of experienced businessmen recruited by Ronald Reagan in 1982 to find waste in the federal government. They found 2,478 specific ways to cut spending. Two years later, Grace wrote his book, Burning Money, to point out that not one, NOT ONE, recommendation to eliminate waste had been acted upon! It's now been over 17 years since that study was concluded, and STILL nothing has been done.

The National Debt was $5,786,873,411,050 as of 11/14/01. Trillions of dollars spent, much of it wasted. Our children's futures in hock. The 40-year War on Poverty has not ended poverty. The 30-year War on Drugs has not ended drug use. The War on Crime has not ended crime. Now we have a War on Terrorism. And the federal government is still expanding.

When was the last time you voted to expand government? Every politician I've voted for has promised to reduce government; reduce spending; reduce taxes. So far, only Ronald Reagan and George W. Bush have kept even one of those three promises.

You and I are working up to five months out of every year just to pay taxes, most of which goes to support the federal, state, county and municipal bureaucracies. And the other seven months' earnings are spent on overpriced goods and services that have been taxed at every level from raw materials through manufacturing to distribution, wholesale and retail.

Think about it.

Who is hurt most by corporate and pass-through business taxes?

The poor.

Nearly 100% of the income of the poor in this country, whether earned or provided by welfare or Social Security, goes to purchase goods and services that have been taxed at all levels.

Though some government is necessary and we can't eliminate all taxes, what would your life be like without the income tax?

Not only would you have more "take home pay," but you'd have a lot more buying power and much more privacy. Eliminating the corporate income tax and pass-through personal taxes paid by sole proprietors, partnerships and LLC's should lower the price of every service and commodity produced in the U.S. without reducing any labor costs. Eliminating the huge compliance costs associated with business and individual income taxes would reduce prices even further.

The benefits are endless:

• Our products would be more competitive on the world market as they would be affordable to people in poorer countries. This alone should boost our economy by increasing our output, thus creating more jobs.
• People would actually be able to live on the "minimum wage," and fewer people would need welfare or the huge bureaucracies that administer welfare programs.
• Corporations would be able to pay reasonable dividends to their stock holders which now have to come from "after tax" profits, making investors more willing to buy stock in stable but lower profit companies.
• More families could get by on one income. Mother's who want to stay home to raise their families would be able to do so. That over time should cut the crime rate, drug abuse, and teen pregnancies caused by children running amuck and raising themselves. This would reduce the need for and expense of many government law enforcement, social service and public health employees. Not to mention freeing up teachers to teach rather than police.

I don't know why our representatives in Washington don't understand this, but with few exceptions, they don't. It's time for the People to regain control of the government, and we can do that best by controlling the purse strings.

We have enough waste in the current federal budget to get by without the income tax entirely just by cutting out the duplication and gross inefficiency that is already known. And if Congress was forced to reduce the spending to a much lower level, it could find ways to cut the pork. There should be no such thing as "discretionary spending" in the federal budget.

Just eliminating the IRS would save $80 Billion each year. The income-tax-free economy could quickly absorb those workers into the private sector. One by one, we could shave down the federal agencies and whole departments would become history.

It won't happen overnight. It'll take time and a concerted effort by us, as citizens, to let our wishes be known to our national, state and local leaders. If WE don't take action, who will? If WE don't start now, when will it ever start?

It is time for change and the time is NOW! Join with us in abolishing the income tax and "Standing Up For Financial Liberty." Become a member of DeTaxUS today!

http://www.detaxus.com/

Cory Layne
Editor

P.S. Your comments and suggestions are welcome. We will try to respond to all of them personally and will include a selection of them in future newsletters and on the DeTaxUS website. Mail to: Editor@DeTaxUS.com

P.P.S. Join DeTaxUS and take a stand today at http://www.detaxus.com/

DISCLAIMERS:

The information contained herein is general in nature and is solely the opinion of the author of the editorial. The reader should seek professional guidance prior to taking any action based upon this information. DeTaxUS, Inc. shall have no obligation to inform the reader of any changes in tax laws or other which may affect the information provided.