Fair Tax Nation

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

I believe the new majority in Congress should take up a tax replacement system just as the last majority took up Obamacare. Obamacare will take billions of dollars from taxpayers while the FairTax would put billions back in their pockets.

 

The FairTax is a completely transparent tax system. It doesn't increase taxes. It's revenue neutral. But here's what it will do. It will bring business back to the United States that is leaving our shores because our tax laws make it impossible for an American-based business to compete … the fair tax was designed by economists from Harvard and Stanford and some of the leading think tanks across the country. …

That's another huge plus about a FairTax: It will bring back to the U.S. economy trillions of dollars hiding in offshore accounts. With the FairTax, these people can bring their money back to invest here, which would give a huge boost to our economy. It's the biggest stimulation package there is. With the FairTax, the harder you work and the more money you make, the better off you and our economy will be. You pay taxes only when you buy something, which means you can control how much you're taxed, and you're never penalized inequitably for working hard. As the Fair ax website says, "Think of it as the world's biggest economic jumper cables!"

The FairTax will not only collect taxes from the 47 percent of citizens who pay no federal taxes but reduce taxes and be more equitable for all the rest of us. It will instantly stabilize and start rebuilding our economy. It will also do away with the present tax code and at very least drastically minimize the power, bureaucracy and over-lording of the IRS, as it replaces not just reforms the present taxation system.

 

Read the full article from Chuck Norris.

 

Please comment on the strategy of  ENCOURAGING THE NEW CONGRESS TO TAKE UP THE FAIR TAX AS A REPLACEMENT TAX SYSTEM as a CAUSE TO SOLVE OUR ECONOMIC MESS !!  

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