The FairTax

What is the FairTax plan?
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 13) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

The FairTax: * Enables workers to keep their entire paychecks * Enables retirees to keep their entire pensions * Refunds in advance the tax on purchases of basic necessities * Allows American products to compete fairly * Brings transparency and accountability to tax policy * Ensures Social Security and Medicare funding * Closes all loopholes and brings fairness to taxation * Abolishes the IRS

This video was produced by Americans for Fair Taxation FairTax.org 9C) 2006. They authorized the copying and sharing of this video for educational purposes. It has been posted to aid in getting the message out to the grass roots in all 435 congressional districts.




Americans For Fair Taxation was formed in 1995 as a 501 (c)(4) nonprofit, nonpartisan, grassroots organization solely dedicated to replacing the current tax system. It began as a research organization with the initial goal of finding out what the American people wanted in a tax system, what they felt was the best way for the government to collect revenue, and how taxation could be achieved in a way that most benefited the economy and the taxpayers. Many diverse groups of Americans participated in the extensive polling and focus group studies, and then a nonpartisan team of economists was commissioned to develop the FairTax plan. The organization today has hundreds of thousands of members and volunteers nationwide. Its plan supports sound economic research, education of citizens and community leaders, and grassroots mobilization efforts.

For more information about the FairTax contact: Americans for Fair Taxation: http://fairtax.org/

To meet grassroots Americans dedicated to supporting the FairTax visit FAIRTAX NATION http://FairTaxNation.com

Category:

Education

Tags:

• FairTax
• Fair Tax
• income tax
• Payroll taxes
• taxes
• fair
• simple
• transparent
• keep your entire paycheck
• no IRS
• April 15 is just another day