Fair Tax Nation

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

The FairTax Equals Real Economic Recovery

Imagine replacing over 70,000 pages of purposely complex tax code, with a simple fair code that just barely breaks 130 pages in length. It's far more possible than you might think.

The FairTax replaces multiple forms of federal taxation with a simple 23% inclusive tax at the point of retail sale on new goods and services. This landmark legislation eliminates income taxes and payroll taxes [In other words: You'll get your entire paycheck]. It removes the regressive AMT tax, that's threatening more and more middle class families every year. It eliminates double taxation in the form of corporate taxes. I call corporate taxes double taxation because only individuals pay taxes. Politicians use this corporate tax fraud to trick Americans into paying higher taxes. But the truth is any corporate tax is paid by the consumer at the final point of sale, removed from employee's wages, or collected out of the dividends paid to shareholders. It also eliminates capital gains taxes, death taxes, gift taxes, etc...

The FairTax starts with one simple idea... tax everyone, tax them at the same percentage, and tax them on their retail spending, instead of taxing productive wealth creating endeavors. In other words, the FairTax is designed to produce wealth. Contrast that with our current tax code, which is largely used for purposes of wealth redistribution and different forms of social engineering. 

The FairTax is also quite voluntary. How can a retail sales tax be voluntary you ask? Under the FairTax there are two ways an individual can stop paying taxes, or at least greatly reduce their tax burden. First, the prebate. Each American family will be given a monthly prebate to cover spending on the basic necessities of life.  If you decide your money is a little tight, simply quit spending on retail goods above and beyond what it cost to dress and feed your family. And this is plenty of money for the average family... the prebate for a family of 4 covers up to $2,400.00 in tax free retail spending per month, and this amount will vary depending on family size. The second method to reduce or avoid the burden of taxation, you're gonna love... Because the FairTax believes in eliminating double taxation, they've done something the Washington class could never have dreamt up. Taxes on used goods are gone, affording the individual consumer an even higher level of economic freedom.

What can this sort of economic freedom do for an ailing economy? Well, according to the $22 million in research quite a bit...

First, we need to realize what our tax code does. It punishes wealth. So, as a result there is an estimated $10 to $13 trillion dollars overseas in tax shelters just waiting to come back home and work in our economy. The Fairtax removes all taxes associated with doing business. Meaning, America would rapidly become the desired home for job creation in the world.

We've all seen the sluggish GDP numbers coming out each quarter; .4% growth, 1.4% growth, etc... Well, the FairTax puts America on steroids. According to research from the Beacon Hill Institute, our nations GDP would be 7.9% higher in year one and 10.9% higher by year 10. 

And we're all to familiar with these stagnant unemployment numbers... holding steady at 9-10%, with underempolyment closer to 18%. Let's just put it this way. In a FairTax economy, you'd have to hide under your mother's skirt to stay unemployed with the flood of job creating capital that would wash onto our shores. Further more, real wages are predicted to be 10% higher on average, as per the Beacon Hill institute.

You see, the FairTax is not just another Washington scheme. It's was designed and researched by individuals in the private sector to maximize prosperity. It is a plan that must be pushed onto the ruling class and it is a plan that the establishment in DC will likely reject because as Neal Boortz says, “The FairTax is the biggest, most massive transfer of power from the Government to the people in the history of this country since the Declaration of Independence freed us from the King of England.”

But it's not at all hopeless. There are already 67 cosponsors in the House and 9 cosponsors in the Senate. The FairTax just had its first full hearing in front of The Ways and Means Committee, the committee reponsible for writing tax code. It's supported by millions of hardworking patriotic Americans and with your help, working to elect politicians who push the FairTax, we can redefine what it means to pay taxes. We can do away with the IRS, eliminate 90% of this nations tax compliance burden, and start down the road to some real prosperity!

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