Replace All Federal Taxes on Income with the Fair Tax Act , HR 25 and S 122
Please vote for FairTax Act Illinois
FairTax Act Illinois
Replace all state income and property taxes with a single rate indirect consumption tax which includes a rebate on expenditures up to the poverty level. The state FairTax plan would be enacted to comply with the federal FairTax Act HR 25.
Please pass this on to your friends and neighbors too!
Thanks!
Marilyn Rickert
Voice: 708-687-9412
Cell: 708-227-8542
Fax: 708-687-4718
Replies to This Discussion
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Permalink Reply by Jim Coleman on -
Would an Illinois state Fair Tax work the same as the federal? What would be the Fair Tax rate for Illinois? Thank you.
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Permalink Reply by Marilyn Rickert on -
We had an analysis done for IL a few years ago. The surprise was the sales tax rate would be about the same without the income tax. The FairTax would broaden the base (people who pay taxes) and extends it to services so when everyone pays something, we all pay less.
We have found that poor people use the bulk of their money to buy goods while rich people spend the bulk of their money on services.
To answer your question, yes the IL Fair Tax would function like the national Fair Tax.
Thanks!
Marilyn
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