Taxation

TAX RELIEF IS ESSENTIAL FOR OUR FUTURE
This section of our website is devoted to the issues of taxation. The NBCC firmly believes that our current tax code is onerous, mean spirited and, in fact, evil. We must find ways to lessen our burden and, in the end, remove it. The nation can find a better way of financing our treasury without the hideous system that began through the 16th Amendment in 1913 and has worsen up to now.

Please read the following articles and consider the authors’ words as food for thought. We must begin addressing this issue and begin creating a system that is fair and impartial.

A person who works hard, pays taxes along the way- both corporate and income taxes-and invests and saves money should not be penalized with a punitive tax at his or her death. Through this onerous tax the federal government was sustaining a public policy that undermines the fundamental principles that our nation supports-hard work, savings and fairness. This tax is a "Legacy Killer". The estate tax brings in less than 1.4 percent of total federal revenues, and it is estimated that enforcement of the tax costs the federal government 65 cents for every dollar it raises.

Legislation has been introduced in the House (HR 8) and the Senate (S 38) that would gradually phase out the Death Tax over an eleven-year period. Death should not be a taxable event. Congress has enacted legislation this year that phases out this onerous and unfair tax.

Creating a People's Tax System
The Restructuring of the American Tax System
by Jabari Zakiya
[Requires Acrobat Reader - Click here for free download]

Statement of Frank L. Davis, Jr.,
Co-Founder, Executive Vice President and National Director of Legislative Affairs, National Retail Sales Tax Alliance
Testimony Before the House Committee on Ways and Means - Hearing on Fundamental Tax Reform

Blacks Should Help In Doing Away with the "DEATH TAX"
An editorial by Harry C. Alford, Jr. President & CEO,
National Black Chamber of Commerce, Inc.