From Goldfish for Thought:
On January 28th 2003, Ron Paul introduced legislation proposing a Constitutional amendment. This amendment, dubbed the Liberty Amendment, proposes to abolish "personal income, estate, and gift taxes and prohibit the United States Government from engaging in business in competition with its citizens." The Liberty Amendment forbids the Federal government from engaging in any "business, professional, commercial, financial, or industrial enterprise except as specified in the Constitution," and all government activities in violation of the amendment are to be liquidated within three years of ratification (Paul).Paultards will often claim that Ron Paul's ability to deliver 4,000 babies makes him a bigger expert on the constitution than the people who actually studied it in school, and who study it for a living. Here's an article that says otherwise.
Furthermore, it will repeal the 16th Amendment to the Constitution in an attempt to abolish the income tax. Paul made a statement in the House of Representatives in which he makes several assertions in support of the Liberty Amendment (Paul):
Each claim will be scrutinized in detail; Paul is seriously misrepresenting the intent of the 16th amendment, and proposing changes to the Constitution that would cripple the federal government. The resulting government would likely have even less power than the confederate government established by the Articles of Confederation.
- The 16th Amendment enabled Congress to levy a direct income tax on individuals.
- Until the passage of the 16th Amendment, the Supreme Court held that Congress had no power to impose an income tax.
- The founding fathers realized that "the power to tax is the power to destroy," which is why they did not give the federal government the power to impose an income tax.
- America survived and prospered for 140 years without an income tax.