Archive for March 2007
The Fair Tax Act, Part XLII
March 30, 2007 · Category: Education
Part e of Section 605 covers privacy information. Warning, this part is long and boring legalese:
`(e) Confidentiality of Tax Information-
...
Posted by James Kidd · No Comments »
The Fair Tax Act, Part XLI
March 29, 2007 · Category: Education
Section 605 covers taxpayer rights. I'll probably do this in two parts:
`SEC. 605. TAXPAYER RIGHTS.
`(a) Rights To Be Disclosed- The sales tax administering authority shall provide to any ...
Posted by James Kidd · 2 Comments »
The Fair Tax Act, Part XL
March 27, 2007 · Category: Education
OK, section 603 & 604 today:
`SEC. 603. PROBLEM RESOLUTION OFFICES.
`(a) Problem Resolution Office To Be Established- Each sales tax administering authority shall establish an independent Problem Resolution Office and ...
Posted by James Kidd · No Comments »
The Fair Tax Act, Part XXXIX
March 26, 2007 · Category: Education
Working through section by section, beginning chapter 6!
`SEC. 601. COLLECTIONS.
`The sales tax administering authority shall collect the taxes imposed by this subtitle, except as provided in section 404 (relating ...
Posted by James Kidd · No Comments »
The Fair Tax Act, Part XXXVIII
March 22, 2007 · Category: Education
Section 512 creates guides for several interest rates based on length of term, mirroring to some degree the way capital gains taxes are categorized now. These rates are going to be determined and used ...
Posted by James Kidd · No Comments »
The Fair Tax Act Part XXXVII
March 21, 2007 · Category: Education
Section 510 handles required info for receipts:
`SEC. 510. TAX TO BE SEPARATELY STATED AND CHARGED.
`(a) In General- For each purchase of taxable property or services for which a tax ...
Posted by James Kidd · 3 Comments »
FairTax Debate Between Kotlikoff and Gale, at AEI
A news tip from FairTax critic Hayden Kepner: the American Enterprise Institute has published the video of their debate between William Gale and Larry Kotlikoff. You can view the video by going here and ...
Posted by Joshua Zader · 19 Comments »
The Fair Tax Act, Part XXXVI
March 13, 2007 · Category: Education
Today I am posting sections 508 and 509, which cover audits, summons, and records. Not fun stuff for most of us, but we are blogging the whole thing here!
`SEC. 508. SUMMONS, EXAMINATIONS, AUDITS, ETC.
...
Posted by James Kidd · No Comments »
The Fair Tax Act, Part XXXV
March 12, 2007 · Category: Uncategorized
Now we will move into some taxpayer protections under the FairTax (something the current law doesn't have much of).
`SEC. 506. BURDEN OF PERSUASION AND BURDEN OF PRODUCTION.
`In all disputes ...
Posted by James Kidd · No Comments »
The Fair Tax Act, Part XXXIV
March 7, 2007 · Category: Education
OK, let's finish up with penalties...
`(i) Penalty for Filing False Rebate Claim-
`(1) CIVIL PENALTY; FRAUD- A ...
Posted by James Kidd · No Comments »
The Fair Tax Act, Part XXXIII
March 6, 2007 · Category: Education
Continuing on with more penalties:
`(e) Reckless or Willful Failure To Pay Tax- Each person who is required to and recklessly or willfully fails to pay taxes imposed by ...
Posted by James Kidd · 3 Comments »
