Say Goodbye to the IRS and the Income Tax

Here is a way to get rid of the IRS and not ever be required to file another personal income tax return; or company tax return for that matter! Every dime you earn would be in your paycheck; no taxes withheld. It is within your power to make this a reality! There is a tax bill before Congress right now that would get rid of the IRS and get rid of corporate taxes, personal income taxes, estate taxes, the death tax, etc. It's called the FairTax Act and I am serious when I tell you it is not only fair, it would definitely solve our country's economic problems overnight. I want to start by saying that The FairTax is resisted by an extremely vocal few exactly because it will do what it promises in abolishing the IRS, the greater than $300 billion in tax return filing costs, and the blatant corruption of the current tax system. Here's a brief overview of how it works.

What is the FairTax?

It is a consumption tax that is charged when you buy something new. It is a transparent tax: that means the tax will be printed on your sales receipt in plain view so you can see it. Right now you are paying the same taxes when you buy something, but the taxes are buried in the cost of the item all along the manufacturing line from the raw materials to the packaged end product. These are called embedded taxes because they are hidden from your view. Under the FairTax Act, you would be paying the exact same price for a loaf of bread, but the loaf would have a lower shelf price and the consumption tax would be added at the cash register and printed on your receipt.

Is the FairTax really fair?

Yes, the FairTax is fair. In fact, it is really much more fair than the income tax. You get to control how much tax you pay simply by deciding which items you are going to buy. The rich buy more expensive items that other individuals. The FairTax taxes them on those purchases. Illegal aliens and tourists, who pay no taxes now, would pay their fair share of taxes every time they buy something. Anyone who gets cash income and doesn't report it on an income tax return would now pay the consumption tax on their income when they spend it at the cash register. Yes, the government would still get as much tax revenue as they do now, but the cost of running the government would be a lot less.

The FairTax would have a very positive effect on America's economy

With the penalty for working harder and producing more removed, American companies will experience a new era of economic growth and business expansion. Hidden taxes are history, U.S. citizens can save more, and businesses invest more. The FairTax, as proposed, would bring American companies back home because it would no longer be an advantage to have U.S. companies in foreign countries paying low wages to workers for jobs that Americans should be doing here at home for fair wages.

Workers would bring home all that they earn

the FairTax would put more money in the pockets of every American by eliminating the income tax. There would be no withholdings from the amount you earn to pay federal taxes, Social Security or Medicare. If you earned $100 you would get paid $100. Companies would no longer be weighed down with paying added taxes on employee wages for Social Security/Medicare.

The FairTax has a positive effect on Social Security/Medicare

Under the FairTax Act there would be plenty of money available for both these programs. Like all federal spending programs, Social Security would run just like it does today, with the exception that its funding would come from a consumption tax, rather than a payroll tax. Companies that employ workers would continue to report the wages they pay to each employee to the Social Security Administration simply for the calculation of benefits. The transition to a reformed Social Security system would be eased while ensuring there is sufficient funding to continue paying promised benefits.

The FairTax protects low-income and lower-middle-income individuals and families

in the FairTax Plan, poor people pay no net FairTax at all up to the poverty level! Every citizen or household receives a prebate check each month equal to the FairTax paid on essential goods and services [medicine and groceries], and every wage earner is no longer subjected to the most oppressive tax of all, the payroll tax.

The FairTax protects senior citizens

The FairTax does a good job of protecting senior citizens. Low-income seniors get better benefits under the FairTax than under the current income tax system. Some people incorrectly believe that those who live exclusively on Social Security don't have to pay any taxes. They may not know it, but they are paying the hidden corporate income taxes and employer payroll taxes whenever they buy anything. Under the FairTax, seniors pay $0.23 out of every dollar they choose to spend on new products. Plus, seniors, like everyone else, will receive the monthly prebate check, in advance of purchases, for taxes paid on the cost of necessities. Yes, The FairTax can really be passed into law! The FairTax has taken it upon itself to build a grassroots movement and grassroots alliances to support the effort. However, this will only happen when the American people rally behind the effort, throw off the chains of income tax bondage, and demand that their congressional representatives correct 90 years of wrongs done by the income tax.

Do this right now to ensure this bill gets passed.

First, go to the website FairTax.org and sign the petition to let Congress and the President know that you want this bill passed into law. While you are on the website, look at the congressional scorecard to find out if your state congressional representatives support this bill. If they don't, send them a letter and demand they vote for this bill and that you will be monitoring this scorecard to see how they voted come election time.

Second, read The FairTax Book: Saying Goodbye to the Income Tax and the IRS by Neal Boortz and Congressman John Linder. You need to understand what this bill actually says. The book is not difficult to understand. Then pass it on to a friend to read and ask them to pass it on, too.