Category: Political

Have you heard of FairTax?

FairTax replaces our current federal income tax system. It imposes a 23% sales tax on every new item purchased (used items are not taxed) while allowing you to keep more of your income. Corporations will no longer have to pay taxes which means the price of their products will be reduced. Each month you'll receive a rebate to offset some of the costs of the sales tax. Since your taxes will be based on what you spend it makes the system more fair than the current system which taxes you based on what you earn. Since rich people are likely to spend more, they'll be taxed more, but it will never exceed 23%. Poor people, who are likely to spend much less, will pay fewer taxes. With the rebate and responsible spending, they may even end up paying no taxes, much like today. The end result is that you should end up keeping more of your money while the government gets the same amount it gets today. You will no longer need to deal with the hassle of filing federal income tax returns and your life will be made much simpler.

The FairTax website explains the idea in much more and better detail. I strongly urge you to visit the site and decide for yourself if you think this is a good idea. If you agree with it, sign the petition and write your Congressman.

I believe this is a much better, easier, and fairer tax system. It is entirely voluntary since it is based solely on what you purchase. If you really don't want to pay taxes, purchase used goods. If you're one of those people who prefers to save, rather than spend, you'll be able to save much more. Everyone wins under this system, because it is fair.

From the website:

Simply put, the FairTax replaces the way we're currently taxed - based on our annual income - with a tax on goods and services. The FairTax is a voluntary "“consumption" tax: the more you buy, the more you pay in taxes, the less you buy, the less you pay in taxes.
It's simple.

Everyone pays their fair share of taxes, and with the FairTax rebate, spending up to the poverty level is tax free. The Federal government is fully funded, including Social Security and Medicare, and you don't need an expert to determine your Federal taxes.
It's simple.

Like the sound of that? I do. So do your part to make it happen.