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Published Tuesday, August 18, 2009 in Local
Candidate Oxendine in town Wednesday
The Times-Herald
Gubernatorial candidate John Oxendine will be in Newnan Wednesday hosting a town hall meeting to discuss replacing income taxes with sales taxes.
Oxendine, who currently serves as Georgia's insurance commissioner, is holding a series of meetings around the state to inform people about the fair tax concept, which aims to replace income taxes, corporate taxes and most other taxes with a sales tax on goods and services. If the federal income tax were to be replaced with a national sales tax, it would be approximately a 23 percent tax, according to fairtax.org.
In Oxendine's proposed "Contract with Georgia," "the second thing is abolishing the Georgia income tax," said Tim Echols, Oxendine's campaign manager. The sales tax concept has been around for several years now, and "the commissioner feels like the way to get it is not on a federal level, it is to back into it using the state as a vehicle, by abolishing the state income tax," Echols said.
Texas, Florida, Nevada, Washington, New Hampshire and Tennessee have no state income tax, Echols said. Neither do Alaska and Wyoming.
Oxendine will bring along some fair tax experts, including Boyd Newsom, Echols said.
"I'm sure there will be some crossover about health care," Echols said, but the meeting is a "single issue" town hall.
Oxendine's staff will also be recruiting members of the "brain team."
Hopes are to have teams of people to delve deeply into policy issues. "We're going to do a lot of white papers" on various issues facing Georgia, Echols said.
"We are on the lookout for policy-oriented people that want to be engaged at that level."
The event will be held at Sprayberry's Barbecue on Jackson Street from 7 to 8:30 p.m.
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I hope everyone understands how that 23% has been calculated. It’s really 30%. Buy something for $100, apply a 30% tax rate, and pay $130. Divide $30 by $130 and you get the magic number of 23%. It will apply to medicine, food, and automobiles. The rate would not be fixed at 30%, it would be subject to change. Wealthy, selfish people love the fair tax.
Posted by bob at 7:26 PM
Seriously, learn something about the Fair Tax before you try and tell others about it, ok? It doesn't hurt low income people; in fact in lowers their tax burdon.
Posted by 3 at 2:30 PM
If state sales tax replaces the income tax it will hurt the lower income people more than those in the upper income bracket. It would seem fairer to all since it would place every citizen on the same level, but lower income people would have even less buying power. Like the old saying goes "the rich get richer and the poor get poorer.
Posted by Melvin Payne at 10:06 AM
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Poor Poor Pitiful Me
8/18/2009
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The Poor keep getting poorer because we live in the best country ever. You can come from the ghetto and become president of any company if you desire. You can also stay in the ghetto if you desire.
Posted by Live Free or Die at 8:20 PM