I have an acquaintance that is a CPA.  Although we get along very well, I really can’t call him a friend.  The main reason is that I’m a gung-ho conservative who is dead set against the Federal Income Tax.  Conversely, he is dead set against the FAIR TAX, a national consumption tax and totally infatuated with the IRS and income tax. 

          My idea of an ideal governmental situation is no income tax, no FAIR TAX and no flat tax.  Collect taxes the same way that it was done prior to…

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For a quick read, my blog post "38 Reasons for the FairTax" are adapted from the 27-page Testimony of Dan R. Mastromarco, Before the Joint Committee on Economics, on How U.S. Tax Policy Affects Business Investment and Job Creation, November 17, 2011.

THE FAIRTAX SERIES: EPISODE 5

 AMERICA’S ROAD TO PROSPERITY

Conclusion

 

In this final installment of the FAIRTAX series I want to review the content of the series and give a few personal thoughts on our country, our system, and how I see the FAIRTAX being an integral part of the solution to our debt issue, though not the only aspect, and of how we get the United States back on steady…

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THE FAIRTAX SERIES: EPISODE 4

 AMERICA’S ROAD TO PROSPERITY

THE PRE-BATE

In this installment of the FAIRTAX series I want to cover the “pre-bate” provision of the plan.  The “pre-bate” is a provision designed to help with the basic necessities of life, to essentially “un-tax” food, medicine, utility costs, clothing, etc. up to the poverty level.  It is not designed to help the “rich” buy new cars…

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THE FAIRTAX SERIES: EPISODE 3

 AMERICA’S ROAD TO PROSPERITY

 BRINGING JOBS BACK TO AMERICA

In this installment of the FAIRTAX series I want to cover the impact of jobs, particularly manufacturing jobs, coming back to the United States.  When Bill Archer (R-Tex.) was the chairman of the House Ways and Means Committee, the tax writing body of Congress, he often quoted a survey of 500 international…

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THE FAIRTAX SERIES: EPISODE 2

AMERICA’S ROAD TO PROSPERITY

TODAY’S TAX CODES, THE COST OF COMPLIANCE

In this installment of the FairTax series I want to cover the cost of compliance and enforcement with today’s tax codes.  Before I go into the complexities of compliance and enforcement I want to spend a few minutes dispelling the favorite myth of the anti-FairTax crowd.  One of the things…

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THE FAIRTAX SERIES: Episode 1

AMERICA’S ROAD TO PROSPERITY

AN INTRODUCTION

A couple of years ago I began hearing about a new concept in taxation.  This new concept is called The FairTax.  I didn’t pay much attention because I thought “how is any tax fair?” when some pay and some don’t.  At first I dismissed it as another scam to throw me off the track of an out of control government looking for…

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By Bob Cusack - 01/10/10 11:54 PM ET

IRS Commissioner Douglas Shulman does not file his own taxes in part because he believes the tax code is complex.



During an interview on C-SPAN's "Newsmakers" program that aired on Sunday, Shulman said he uses a tax preparer for his own returns.



"I've used one for years. I find it convenient. I find the tax code complex so I use a preparer," Shulman said.



Pressed on how he would make the tax code simpler, Shulman… Continue

The TAX UNIVERSE SIZE

Carter Capital has estimated that:



• 38 MILLION people have a tax problem right now!

• 1 out of every 4 people have a tax problem (1 out of 4 homes on your street!)



• 1 out of every 2 people either HAVE a tax problem, or KNOW SOMEONE who

does!

2. CARTER CAPITAL Tax debt negotiators are different, POINTS OF DIFFERENCE

• CPA :

Files annual tax returns, maximizes deductions. Typically has little experience

in difficult… Continue

Ever since barrack Obama Clinched the presidency Investors and corporate investers have invested billions more dollars into foreign banks and offsore accounts due to the rising fear of higher taxes and increased banking regulations. Heres the Kickoff-The USA Today reported that in order to try and lure americans to disclose hidden assets, the IRS announced a six month program that offers lower penalties. This could lure investors to return some assets to American banks, but we have already… Continue

I really believe that the fairTax will eliminate the unfair Tax Debt Burden that so many millions of people have at the present time. This last year many people have been hurt by the Real Estate equity devaluation.

Short sales and Foreclosures are creating 1099 - C "income" Tax issues for millions of people this year.

I have been working with a company, Carter Capital, that handles individuals Tax Debt problems by negotiating with the IRS Fed and State Tax collectors.

By using… Continue

New Tax Proposal Would Abolish IRS in Lieu of ‘Fair Tax’ System



http://www.americanfreepress.net/html/new_tax_proposal_168.html



REP. JOHN LINDER (R-Ga.) has introduced legislation which would end the income tax and abolish the IRS and replace them with a state-administered sales tax on all goods and services. The bill, titled the Fair Tax Act of 2009 (HR 25), already has 44 cosponsors and has been referred to the House Committee on Ways and Means.



In a… Continue