Is the FAIRtax fair?

Yes, the FairTax is fair, and in fact, much fairer than the income tax. Wealthy people spend more money than other individuals. They buy expensive cars, big houses, and yachts. They buy filet mignon instead of hamburger, fine wine instead of beer, designer dresses, and expensive jewelry. The FairTax taxes [...]

By |2023-04-23T11:58:00-07:00April 23rd, 2023|, , |0 Comments

How does the prebate work?

Under the FairTax, all Americans consume what they see as their necessities of life free of tax. While permitting no exemptions, the FairTax (HR25/S122) provides a monthly universal prebate to ensure that each family unit can consume tax free at or beyond the poverty level, with the overall effect of [...]

By |2023-04-23T12:02:48-07:00April 23rd, 2023|0 Comments

Is the FAIRtax just another tax scheme?

The FairTax has nonpartisan support from people in all walks of life. From both major parties and several third parties. Its supporters need only have one common belief: That it is a fairer, simpler, more efficient way to raise federal revenue. The FairTax delivers these benefits to all American people [...]

By |2023-04-23T12:15:28-07:00April 23rd, 2023|0 Comments

How is the Social Security system affected?

Like all federal spending programs, Social Security operates exactly as it does today, except that its funds come from a broad, progressive sales tax, rather than a narrow, regressive payroll tax. Employers continue to report wages for each employee, though, to the Social Security Administration for the determination of benefits. [...]

By |2023-04-23T12:19:28-07:00April 23rd, 2023|0 Comments

How does the income tax affect our ecomony?

How does dragging an anchor affect the speed of a ship? Our entire economy is not dependent on the income tax. Instead, our economy is held back by the income tax. There was no income tax for the first 124 years of our history — that’s more than half the [...]

By |2023-04-23T12:13:58-07:00April 23rd, 2023|0 Comments

How will this plan affect compliance costs?

It is estimated that Americans spend at least $265 billion a year to comply with the tax code — nearly $900 for every man, woman, and child in America. That is greater than the current federal deficit ($205 billion). Billions of dollars in compliance costs are wasted each year, and [...]

By |2023-04-23T12:22:25-07:00April 23rd, 2023|0 Comments
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