Adam Putnam launched the below ad titled “23% More” on July 24th, 2018. The ad attacks his Florida gubernatorial opponent Congressman Ron DeSantis for his support of the FairTax.
NewsMax reports in an article titled “New Adam Putnam Ad Hits DeSantis on 23% Sales Tax Plan” that the ad states:
“What would a 23 percent sales tax do to Florida’s economy?” asks the ad now on YouTube, dubbing DeSantis as “D.C. DeSantis.”
“If Congressman DeSantis had his way, everything would cost 23 percent more — groceries, gas, home purchases.”
“Congressman DeSantis sponsored legislation to increase sales taxes by 23 percent, hurting families, destroying jobs, devastating tourism. Washington is full of bad ideas and phony politicians. Ron DeSantis and his huge tax increase fit right in,” the ad continues.
The problem is Putnam is lying.
Libertarian radio host Neal Boortz, who co-wrote “The FairTax Book,” responded to Putnam’s ad with a tweet: “If you are having trouble understanding the FairTax, perhaps you ought to comment me. I wrote the book.” He followed up, “The Adam Putnam campaign is LYING THROUGH ITS TEETH … and they know it.”
What Putnam doesn’t tell you is that Floridians will benefit from the FairTax because it will eliminate all federal taxes (income, estate, payroll, gift and business). Florida has no state income tax, which is a reason many people relocate to the Sunshine State. Let’s look at the chart below showing the current income tax brackets and rates to understand why Putnam is lying.
You will notice that individuals making more than $38,000 will actually see a tax decrease. Also note that the FairTax gives those below the federal poverty level (FPL) a quarterly refund of estimated sales taxes paid under the FairTax.
Here is the a table of percentages of the FPL guidelines.
States and D.C.
|For each additional
The FairTax also eliminates all small business and corporate federal taxes. This saves Florida’s individuals, small business and corporations money by neither having to file tax returns nor hiring tax lawyers and accountants. In its annual survey of Tax Return Preparation Fee Averages, the National Society of Accountants reports the following average fees its members charged to prepare 2014 tax returns: 1040 with state return with no itemized deductions: $159. 1040 with Schedule A (itemized deductions) and state return: $273.
Additionally, Congress will lose its power to use taxes to reward and punish individuals and companies. Congress and career politicians will lose their ability to weaponize the IRS.
When your factor in all of these items it appears that the title of “D.C.” belongs to Putnam, not DeSantis. Putnam wants Floridians to continue to pay federal income taxes. Sounds like Putnam is still part of the swamp.
When the FairTax is implemented Florida will truly become an Income Tax Free state.
RELATED ARTICLE: Misleading Putnam ad twists DeSantis stance on taxes – PolitiFact