The FairTax is Fair - (Don't confuse with Flat or VAT Tax proposals) It replaces the federal income tax system, which taxes what we earn, with a tax on what we spend. The FairTax is a consumption tax: the more you buy, the more you pay in taxes; the less you buy, the less you pay in taxes. So everyone pays fairly when they choose to spend, including illegal immigrants, foreign visitors (about 50,000 each year), and those who evade paying taxes under the income tax system. The FairTax:
FAIR TAX CALCULATOR ---> http://www.fairtax.org/site/PageServer?pagename=calculator
Michael Reagan Becomes Honorary Chairman of the FairTax National Victory Campaign
Friday, January 15, 2010
FairTax will attract trillions of dollars of foreign investment into the U.S. economy and bring back trillions more in American investments currently in offshore accounts and investments, expand the national tax base dramatically to include taxation of those who illegally avoid taxation or benefit from special tax breaks to the politically powerful, and lift the weight of federal taxes and payroll deductions entirely from millions of poor and elderly. "It is the shortest path to full economic recovery and millions of new jobs, ending Congressional corruption of the tax code and providing significant tax relief to the middle class", he said. "The FairTax ends the special benefits enjoyed by the political class which has so badly hurt our economy."
- Makes sure everyone pays their fair share
- Allows you to keep your entire check: payroll, Social Security, and pension
- Un-taxes the poor with a rebate on the necessities of life
- Protects Social Security and Medicare
- Stimulates investment, economic growth and job creation
- Under the FairTax, there will be less than 20 million businesses that will be filing sales tax returns and thus subject to the possibility of being audited. Thus, the probability of tax cheats getting caught will be much greater than it is today, making tax evasion riskier than it is today.
- NO income tax filings
- NO loopholes or exceptions
- NO hidden taxes
- 95% of all Americans will pay less tax!
FAIR TAX CALCULATOR ---> http://www.fairtax.org/site/PageServer?pagename=calculator
Michael Reagan Becomes Honorary Chairman of the FairTax National Victory Campaign
Friday, January 15, 2010
FairTax will attract trillions of dollars of foreign investment into the U.S. economy and bring back trillions more in American investments currently in offshore accounts and investments, expand the national tax base dramatically to include taxation of those who illegally avoid taxation or benefit from special tax breaks to the politically powerful, and lift the weight of federal taxes and payroll deductions entirely from millions of poor and elderly. "It is the shortest path to full economic recovery and millions of new jobs, ending Congressional corruption of the tax code and providing significant tax relief to the middle class", he said. "The FairTax ends the special benefits enjoyed by the political class which has so badly hurt our economy."