Comments by Lester Bennett | Eastern North Carolina Now

Comments by Lester Bennett

Sir I enjoyed you comments on the Fairtax, very thoughtful ones. I had not thought of the Fairtax in relation to the ACM and yes the ACM tax would be affected by the amendments of the Tax Code eliminating the IRS and its tax collection duties. So even the ACM ta would still exist, there would not be any mechanism to gather information and collect it. Your fears of having both an Income tax or Vat tax plus the Fairtax are reasonable but not likely because first because the law implementing the Income tax and the IRS is repealed by the Fairtax and once we go even one year without the income tax I cannot imagine any one wanting it back, but if the companion bill repealing the XV1 Amendment is not passed in seven years then the Fairtax is automatically repealed.
Commented: Sunday, September 6th, 2015 @ 5:39 pm By: Lester Bennett
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