This should be America’s future
Have you ever heard of the country of Estonia? Well, you’re going to get a real education on this country. This is what America needs to look up to for the future of this country to be successful.
Estonia has styled itself as the gateway between East and West and aggressively pursued economic reform and integration with the West. Estonia’s market reforms put it among the economic leaders in the former Communist state areas of Europe. A balanced budget, almost non-existent public debt, flat-rate income tax, free trade regime, fully convertible currency backed by currency board and a strong peg to the euro, competitive commercial banking sector, hospitable environment for foreign investment, innovative e-Services and even mobile-based services are all hallmarks of Estonia’s free-market-based economy.
In 1994, Estonia became one of the first countries in the world to adopt a flat tax, with a uniform rate of 26% regardless of personal income. In January 2005 the personal income tax rate was reduced to 24%. A subsequent reduction to 23% followed in January 2006. The income tax rate will be decreased by 1% annually to reach 18% by January 2010. Estonia completed most of its preparations for European Union membership by the end of 2002 and now has one of the strongest economies of the new member states of the European Union.
They even have a flat tax rate! I’m telling you people, The Fair Tax Act(flat tax on goods and services, not income) will do wonders for this country. Go to www.fairtax.org and read about it.
Read the article from Heritage.org about Estonia. It is an incredible story of a country full of poverty turned to prosperity.Full story.
More information on Estonia. Link.
To enact the FairTax and unleash the full economic potential of the U.S., we must apply Vocal and Persistent pressure on Congress each week or everyday. You can contact your congressman through my Useful Links section. There you you will see a link for contacting your congressman.
Email, call or fax your members of Congress today. Send them this simple message: “Please support replacing the federal income tax code and become a co-sponsor of HR 25 or S 1025, the FairTax.”
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Tags: estonia, flat tax, nazi, russia, soviet union, the fair tax act, ussr, WWII
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June 28th, 2008 at 9:28 pm
I’ve been to Estonia and seen the wonders of their tax system. Lots of foreign investment, and a progressive business outlook. While the accountant and lawyer base might be smaller than what one finds elsewhere, the systems is open and most importantly transparent.
Sure, there are areas that still need perfecting, but overall, the merits of a fair tax systems can not be underestimated.
June 29th, 2008 at 5:26 pm
Why is it that flat tax advocates believe they should get a tax increase while Paris Hilton should get a tax cut?
Raising taxes on everyone who makes less than $500K a year to pay for cutting taxes for everyone who makes more than $500K a year doesn’t make a lot of sense….unless you’re in the tiny minority who makes $500K a year.
June 29th, 2008 at 5:33 pm
You don’t understand. The fair tax act is on goods and services, not on personal income.
June 30th, 2008 at 11:39 am
I’m more concerned about the tax rate than about how it’s levied. We urgently need to cut spending so we can reduce the tax burden which drags down the entire economy. If we can get federal spending down to about 10% of GNP then folks won’t care so much about precisely how the tax is computed. It’s when taxes take 25-40% of a person’s income that people complain and we end up with class warfare, as everyone wants someone *else* to pay the tax.
July 3rd, 2008 at 10:41 am
I wish that conservatives would study a bit of economics and finance before they speak. The problem is not the “flat” aspect of taxation, it is defining what is and what is not income. The goal is a simpler tax. Reducing the number of taxation levels is a tiny step, not a major achievement.