Give the FairTax Act a Fair Hearing

Give the FairTax Act a Fair HearingAdvertiser-Tribune

Imagine a United States without the Internal Revenue Service. Imagine not paying federal income tax. Imagine not paying a payroll tax for Social Security and Medicare.

In fact, imagine there being no corporate income taxes, gift taxes, estate taxes, capital gains taxes, alternative minimum tax or self-employment taxes. Oh, and money earned on savings and investments would be tax-free, too.

Does that sound great? Now, imagine instead paying a 23-percent national sales tax on all purchases.

Does that sound like an even trade? That, in essence, is the FairTax plan, which aims to simplify America’s tax structure while being “revenue neutral” – raising the same amount of revenue as all those aforementioned taxes…

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s