It's time we permanently repeal the tax on possessions that people leave to their children.
By the way, when I say cut taxes, I don't mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing.
The Democrats would want to keep the taxes. And Republicans want to do away with taxes that are driving up the costs of premiums. So, I think it would be hard to see a scenario where Democrats would be willing to come to the table in good faith and actually work with us on a solution that meets those requirements.
Why not just eliminate the federal income tax?
I have said consistently both in my papers and in my speeches - which you heard in the primary campaign - that I will continue to phase out the Capital Stock and Franchise tax.
The idea of abolishing Income Tax is to me highly attractive, both on other grounds and because it tends to public economy.
Poverty is a solved problem - all they have to do is abolish taxes and regulations which cripple those intelligent, capable, and responsible men and women and destroy their productive capacity, then stand back and watch the economy boom.
And here a most heinous charge is made, that the nation has been burdened with unnecessary expenses for the sole purpose of preventing the discharge of our debts and the abolition of taxes.
There are going to be no income taxes and no wealth taxes.
Let's abolish the IRS, let's eliminate income tax, let's eliminate corporate tax, let's balance the federal budget, and if we need a tax, it can be one federal consumption tax.
As an economist, the only advice I can give the Modi government is to take some steps that will raise the morale of the consumer and investor. That means income tax abolition and reducing the annual interest rate to nine per cent.
I favor the abolition of all Social Security, Medicare and estate taxes. In their place, we should create a simple income tax system that has no deductions or credits at all.
I think the first thing we should do is abolish the income tax.
I am opposed to any individual taxes until we eliminate all of the unconstitutional agencies, and I suspect we wouldn't need a tax after that.
I am running for President because it is obvious that no Democrat or Republican is ever going to stop the relentless growth of the federal government. Only a Libertarian will free you from the income tax.
I see by the papers that they are going to do away with all the nuisance taxes. That means that a man can get a marriage license for nothing.
With the permanent elimination of this tax, farmers and business owners will have the sense of security they need to plan for the financial future of their business or farm and their family.
