Dump our broken tax system

Every politician, every lawyer, every CPA, every government workers union and their friends and families work diligently to keep everything as complicated as possible.

Examples: Every taxing body for local property taxes, and I think I counted 17 on my tax bill, takes a cut and with the complicated assessment process and with all the taxing bodies, you could never get a real hearing, to reducing even one of the levies.

The Federal Income Tax code, and code is a good name, because nobody can decipher it, is millions of words and every time some mealy mouthed politician says he or she is for reforming it, they just add another layer of rules onto it.

Wall Street creates these derivatives, credit swaps and, yes, even corporate bonds, when corporations should not be allow to borrow money, because they are doing so at the peril of the real owners - the stockholder. Executives squander the money and bondholders, many times, swoop in and wipe out the common stock and take the assets that are rightfully stockholder property using Chapter 11 bankruptcy laws. All money raised by corporations must be more stock issued and sold to the public. No bonds, and no preferred stock allowed and no out and out loans.

When the taxpayers and stockholders are sick enough of this charade, they will rise up and demand the following:

• All current taxing systems are voided and the IRS abolished.

• A new taxing system will be a one tax and one tax only, system.

• Every current blood sucking body, local, county, state and federal, will have to justify their cut of the one tax every year, with an operating budget, made public.

• No deficit spending allowed.

• Repeal the 16th Amendment to the Constitution that allowed an income tax, which our founders prohibited and politicians suckered us into.

• Enact the FairTax, HR 25, now pending before Congress. Write your congressman and senators. The FairTax is the only way the poor will get out of poverty, because they won't pay the loaded-in tax every time they purchase necessities and they will get their whole check, every payday, no deductions. Every month before they spend they will get a check with a prebate up to the taxes paid, on new goods, up to the poverty level. The poor tend to buy used items such as cars, homes, etc. and they won't be taxed. The poor now pay the 30 percent loaded into products and 7.65 percent payroll tax. A much higher percentage of their income than Warren Buffett or Bill Gates pays.

Wilton Jere Tidwell

Huntley