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You are taxed only when you spend - NOT when you earn. Keep 100% of your pay check!. Since sales taxes are collected by businesses, at the time of purchase, there is no excuse for an agency like the IRS, looking into your personal finances. Eliminate the IRS!.
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You are taxed only when you spend - NOT when you earn. Keep 100% ofyour pay check!
Since sales taxes are collected by businesses, at the time of purchase, there is no excuse for an agency like the IRS, looking into your personal finances. Eliminate the IRS!
When bookies, hookers, drug dealers and others who have traditionally not reported income, spend money, they are taxed on their purchases. Taxes theBlack Market
Foreign products, sold in the USA are taxed at the same level as US made products. Makes US products more competitive in the USA
Since US made products are not taxed in the US, they can sell for less in other countries. Makes US products more competitive abroad
45 states already collect sales tax, so most of the infrastructure is already in place. At the same time, the FairTax eliminates 115,000 IRS agents. Reduces Bureaucracy!
Eliminates the layer upon layer of corporate taxes that are included in the price of all retail goods. Eliminates“Hidden” Taxes
Corporate accounting costs would be drastically reduced, resulting in lower prices, more profits and higher wages... that is, for everyone but corporate accountants and lobbyists, who would no longer be needed. Reduces corporate compliance costs
Every person with a SS Number will receive a monthly “prebate” equal to the tax level for the current cost-of-living, thus negating some or all of the taxes paid by low income earners and the elderly. “Prebate” progressivelyprotects the poor
Since people will be reminded how much they are paying in taxes, with every purchase, they will begin demanding lower taxes. Leads to Lower Over All Taxes