Replace All Federal Taxes on Income with the Fair Tax Act , HR 25

IMF might even support FairTax?

If you have Adobe Reader, you might want to read this paper just recently released by the International Monetary Fund:

Debt Bias and Other Distortions: Crisis-Related Issues In Tax Policy

This paper talks about how income tax systems tends to favor debt financing, something that is horribly bad as we all know from the sub-prime mortgage meltdown.

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Permalink Reply by Nancy L. Gatchel on June 24, 2009 at 8:51am

Thank you for sharing this! More evidence that the tax code needs scrapped. I plan to share this with a few of my fence sitting friends.