"The tax code is a disaster and so complex that no American can understand it. The time for fundamental reform is now." —Former IRS auditor, Don Cohen
It's clear. It's time for a change — it's time for the FairTax. The current income tax system is broken. It's complicated, easy to evade, and unfairly burdens the lower and middle classes. And, attempts to fix it have only made it worse.
The FairTax is Fair: It replaces the federal income tax system, which taxes what we earn, with a tax on what we spend. The FairTax is a consumption tax: the more you buy, the more you pay in taxes; the less you buy, the less you pay in taxes. So everyone pays fairly when they choose to spend. The FairTax:
Makes sure everyone pays their fair share Allows you to keep your entire Social Security, pension or pay check Untaxes the poor with a rebate on the necessities of life Protects Social Security and Medicare Stimulates investment, economic growth, and job creation
It's that bleak time of year again. Sitting at the kitchen table wringing your hands? Staying up late, lamenting over your newest tax liability and rushing around finding receipts? Do you believe you pay your fair share? Well, some people are not! Nearly $350 billion in taxes that should be collected isn't being collected - increasing the average annual tax bill of honest taxpayers by as much as 30 percent. And there's more. See what the federal tax system is really costing you with one of our newest updated papers: www.fairtax.org/pdfs/Tax_compliance_facts.pdf .
Thank you for your support. The all-encompassing solution, the Fair Tax Act of 2005, is currently before Congress. It abolishes all current income-based taxes, specifically the:
Individual income tax Alternative minimum tax (AMT) Corporate and business income taxes Capital gains tax Social Security tax Medicare tax Payroll tax Self-employment tax Death tax Gift tax
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