Fair Tax Nation

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

Marilyn Rickert's Blog (53)

Update: FairTax Hearing in House Ways and Means Committee

These are exciting days for FairTax.

The House Ways and Means Committee has taken up consumption taxes by holding two

panels one on FairTax HR 25 and the other on the VAT. (As of today there is no

bill in the House proposing a VAT)
The Democratic minority have invited Mr. Bruce Bartlett to speak in opposition to the

FairTax. My understanding is Bruce Bartlett has no…
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Added by Marilyn Rickert on July 24, 2011 at 11:19pm — No Comments

Response to those who say FairTax unconstitutional

 

FairTaxers:…


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Added by Marilyn Rickert on April 4, 2011 at 9:00pm — 11 Comments

Flat, Fair, VAT, or Gone? Steve Bierfeldt, Pete Sepp, Daniel J. Mitchell, Rep Steve King

Flat, Fair, VAT, or Gone? Steve Bierfeldt, Pete Sepp, Daniel J. Mitchell, Rep Steve King
 
Watch the entire tax panel by clicking on the links below:
 
Flat, Fair, VAT, or Gone? What Shloud be done with the Federal Income Tax- CPAC…
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Added by Marilyn Rickert on April 4, 2011 at 7:38am — No Comments

FairTax Townhall event

 

FOR IMMEDIATE RELEASE
 
John…
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Added by Marilyn Rickert on March 22, 2011 at 1:10pm — No Comments

Flat, Fair, VAT, or Gone? What Shloud be done with the Federal Income Tax --Feb. 2011

Flat, Fair, VAT, or Gone? What Shloud be done with the Federal Income Tax- CPAC 2011 Pt.1
 …
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Added by Marilyn Rickert on March 21, 2011 at 12:07am — No Comments

Testimony of Karen Walby, Ph.D. House Ways&Means committee 1/20/2011

Testimony of

Karen Walby, Ph.D.

Chief Economist

Americans For Fair Taxation

 

Before the

House Committee on Ways and Means

Hearing on Fundamental Tax Reform

 

January 20,…

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Added by Marilyn Rickert on January 29, 2011 at 1:25pm — 3 Comments

First in a Series of Hearings on Fundamental Tax Reform

Chairman Camp Announces First in a Series of Hearings on Fundamental Tax Reform
First Ways and Means Hearing of the 112th Congress to Examine the Burdens Imposed by the Current Federal Income Tax System and the Need for Reform
Hearing Date: Thursday, January 20, 2011…


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Added by Marilyn Rickert on January 18, 2011 at 12:28pm — No Comments

Tea Party primary wins give boost to 'fair tax' plan to kill federal income taxes

Tea Party primary wins give boost to 'fair tax' plan to kill federal income taxes
Primary victories by Tea Party candidates have given a boost to the so-called fair tax, a reform proposal that abolishes incomes taxes — and the IRS — and levies a tax on spending instead.



The levy received little attention during the 2005 tax reform debate under President George W. Bush because experts warned it raised less revenue than the current system and…
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Added by Marilyn Rickert on September 22, 2010 at 8:19am — 1 Comment

Cosponsor #64 added to the FairTax bill - Where does your Congressman stand?

The 64th co-sponsor on HR 25 was just recorded September 14 - Virginia Foxx of NC. Congratulations to all of the North Carolinians who helped make this possible.



At the end of the last session of congress, we had 72 co-sponsors on HR 25. That number represented an increase over the previous session and the FairTax bill in the house had recorded increases in co-sponsorship every session since it had been introduced in 1999.



When our volunteers are interviewed about the…
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Added by Marilyn Rickert on September 16, 2010 at 10:21am — No Comments

Phil Hinson, Spokesman - FairTax.org Discusses FT Issues - Listen!

Check out the Forum post by Ben McCoy:

I was fortunate to have Phil Hinson National Spokesman for FairTax.org to join me on my weekly radio show and discuss many of the common misconceptions and current issues associated with the Fair Tax - you definitely want to check this out!…


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Added by Marilyn Rickert on September 9, 2010 at 2:14pm — No Comments

Stealth IRS changes mean millions of new tax forms

Stealth IRS changes mean millions of new tax forms
By Neil deMause, contributing writer
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Added by Marilyn Rickert on May 24, 2010 at 11:31am — 2 Comments

Question: is there a credit for individual ROTH IRA accounts?

Question: is there a credit for individual ROTH IRA accounts?

No, there is not a credit for individual ROTH IRA accounts?



However, the FairTax legislation totally repeals the current income tax on Social Security benefits.



The bill also adjusts the Social Security benefits indexing formula, commonly known as the cost of living adjustment or COLA, so that benefits increase to the extent, if any, that the federal sales tax results in higher costs to seniors.…

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Added by Marilyn Rickert on May 20, 2010 at 11:08am — No Comments

Question: How does the "transition inventory credit work"?

Question: How does the "transition inventory credit work"?

The effective date of the FairTax is January 1 with the income tax repealed on Dec. 31st (the day before). The “items for sale” on retailer’s shelves will still have the cost of embedded taxes in them. That is why the…

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Added by Marilyn Rickert on May 20, 2010 at 11:00am — No Comments

FairTax Sponsored Tax Day Protest Rally

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Added by Marilyn Rickert on April 12, 2010 at 2:15pm — No Comments

How the FairTax pertains to rental property.

How the FairTax pertains to rental property.



The consumption of residential housing services is taxable. In renter-occupied housing the tax is collected on a monthly basis and in owner-occupied housing, the tax is collected up front when the home is purchased for the first time.



The landlord is a seller of housing services. He/she must register with the state sales tax collection agency and file sales tax reports (probably quarterly for a person who owns…

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Added by Marilyn Rickert on April 6, 2010 at 11:41am — 3 Comments

National Sales Tax: VAT vs FairTax

FairTaxers:



Yes, the press and politicians will probably refer to a VAT (Value-Added Tax) as a national sales tax, so it is important for FairTax supporters to understand the differences between the two so that we can answer questions from the public.



Actually, they have much in common, but the differences are critical.



Both tax final consumption only once.

They have the exact same tax base, if they both have no exemptions.

Business to business…
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Added by Marilyn Rickert on April 3, 2010 at 12:03am — 1 Comment

The FairTax and tips/gratuities

Nate and others contributing to this thread:



SS benefits are not directly based on the taxes one pays in, they are determined by the individuals wages. This reporting is maintained under the FairTax.



The section of the law you included defines wages to be reported to the Social Security Administration for the purpose of determining social security benefits. The FairTax definition of wages is the same as that used currently to determine SS benefits.



As you know…

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Added by Marilyn Rickert on March 29, 2010 at 7:50pm — No Comments

Excise and Sales Tax Bureaus question

Marilyn,



Sec. 202 of HR25 creates a Sales Tax Bureau in the Dept. of the Treasury. The purpose of the bureau is coordination of the state administration of the federal sales tax. As you know, the states have all of the expertise in administering sales taxes, so the FairTax takes advantage of this by having the states collected the federal sales tax along with their state sales taxes. The states can do it much more efficiently using existing systems.



The IRS is…

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Added by Marilyn Rickert on March 29, 2010 at 7:46pm — No Comments

IRS commissioner doesn't file his own taxes

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

Added by Marilyn Rickert on January 12, 2010 at 11:00am — 1 Comment

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