The fair tax

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Get Every Dollar You Deserve. File Taxes From Your Home. What is the Fair Tax Act explained? Is there such a thing as a fair tax? What do you think of the Fair Tax?

It is a nonpartisan 501(c)(4) grassroots organization solely dedicated to replacing the current income tax code with a national retail-level consumption tax. It abolishes all federal personal and corporate income taxes. It also ends all taxes on gifts, estates, capital gains, alternative minimums, Social Security, Medicare, and self-employment.

The proposal also specified a monthly welfare payment for low income earners to offset the regressive tax impact. This was styled by advocates as an advance rebate, or prebate, of tax on purchases up to the poverty level. The Fair Tax Act and Inclusive Taxation.

However, this may not be the case. While the downsides are troubling, what is most disturbing is how advocates present the plan. Billions of dollars are wasted each year by companies and individuals who are forced to pay for professional help to deal with their tax obligations. The authors point out the dozens of advantages of the Fair Tax to these as well as to the economy, generally. Legitimate questions and concerns are answere.

It makes it entertaining. Of course if you are in search of a socialist utopia, the Fair Tax is not what you seek. Americans For Fair Taxation (AFFT), also known as FairTax. Clearwater, Florida that is dedicated to fundamental tax code replacement.

Although they both have similar goals and would entail significant overhaul of the current system, the plans differ is some fundamental ways. On that page is a video on their better way tax reform plan. Watch the video and click on the button below to reject filing income taxes on a postcard and reforming the IRS or any other reason you support the Fair Tax.

This bill imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income taxes, payroll taxes, and estate and gift taxes. Passing the Fair Tax would be transformative for the citizens of the United States and for our struggling economy.

People would no longer live in fear of the IRS and would be freed to live productive lives encouraging hard work, saving, and investing without repressive taxation. A fair tax system involves replacing all national-level taxes, including corporate and capital gains taxes, estate taxes, and payroll taxes with a national consumption tax. The tax would apply once, when a new product or service was purchased for personal consumption. Our so-called progressive tax system punishes the most productive members of society with a higher tax rate.

It differs from both the progressive income tax system and the flat tax in a very dramatic way: it is not a tax on income.