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Financial Planning / Tax Strategies


Subject:  Re: FairTax Date:  1/23/2013  8:09 PM
Author:  edranoff Number:  117510 of 127637

The Constitutional amendment is necessary to repeal the 16th Amendment that created the ability of Congress to lay and collect taxes on income. This repeal of the 16th Amendment is part of the concept to avoid there being a consumption tax on top of an income tax. For text of the Bill in the House that was introduced a few weeks ago, see H.R. 25.
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