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The FairTax Book :: 0060875410
Description
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Wouldn't you love to abolish the IRS ...
Keep all the money in your paycheck ...
Pay taxes on what you spend, not what you earn ...
And eliminate all the fraud, hassle, and waste of our current system? Then the FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan, replacing the federal income tax and withholding system with a simple 23 percent retail sales tax on new goods and services. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than six hundred thousand taxpayers signing on in support of the plan. As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable, and equitable tax collection system. Among other benefits, it will: Make America's tax code truly voluntary, without reducing revenue Replace today's indecipherable tax code with one simple sales tax Protect lower-income Americans by covering the tax on basic necessities Eliminate billions of dollars in embedded taxes we don't even know we're paying Bring offshore corporate dollars back into the U.S. economy Endorsed by scores of leading economists and supported by a huge and growing grassroots movement, the FairTax Plan could revolutionize the way America pays for itself. In this straight-talking book, Neal Boortz and John Linder show you how it would work -- and how you can help make it happen. Editorial Descriptions are usually submitted by the manufacturers, publishers and authors. Contact us if you are one of them, and wish to change the above description. |
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Author: Guest
This is possibly the most important issue in our lifetimes. Why pass down a broken tax system to burden our children when we have the solution now?!!! The politicians have stopped listening to us and only listen to special interests. We need to give them a wake up call and take back our country and make it better!!!!! Buy this book and do what I did and send it to somebody you love.
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Author: Guest
Yes...the idea of a federal sales tax has been around for eons. So why has it never passed!? Have there not been brilliant minds before Linder and Boortz came along?
The book's concepts are exceedingly deceptive:
Embedded taxes: currently we pay the tax costs (payroll, attorneys, preparation, etc.) of every business that comes into contact with a good or service we purchase. That extra cost is estimated at 22% of the final consumer cost. Swapping this for a 23% sales tax is a WASH...period. At least WE have some say in the embedded taxes...through our spending power. With a sales tax, we abdicate that power to the legislators, who can up it from 23%. In fact, with HR 25, we have BOTH a sales tax AND an income tax -- until the 16th Amendment is repealed by vote.
Increased federal tax revenue: under our current system, black-market operators pay no taxes. With a consumption tax, even a drug-dealer contributes to the federal tax coffers. But the black market will THRIVE, as people figure out they can have 100% of take-home and spend it tax-free on the black market!
Once each year our current tax system pulls businesses and consumers into preparation, attorneys' fees, and avoidance schemes. With HR 25, it becomes a MONTHLY effort on the part of lobbyists, tax preparers, CPAs, etc.
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Author: Guest
The idea of a federal consumption -- sales -- tax has been around for decades. That Congressman John Linder and radio host Neal Boortz have created a bestseller on -- of all topics -- taxes is indicative of how flawed the current system is... and the power of the book's tenets. A quick, easy (and fun!) read, the book describes the fundamental flaws of our current tax system, which has simply grown into an insidious leviathan of complexity.
Two of the book's fundamental concepts are exceedingly easy to grasp:
- Embedded taxes: under the current system, we pay the tax costs (payroll, attorneys, preparation, etc.) of every business that comes into contact with a good or service we purchase. That extra cost is estimated at 21% or higher of the final consumer cost, depending upon the study (Harvard puts it at 22%, I believe).
- Increased federal tax revenue: under our current system, black-market operators pay no taxes. With a consumption tax, even a drug-dealer contributes to the federal tax coffers.
The net-net is that a variety of simulations by dozens of economists show that prices won't significantly change even with the sales tax! That's because the embedded costs of our current tax system will be forced out of the cost equation for competitive reasons. A simple example: a tire that might cost $100 today could cost $80 in the future (no embedded tax costs for the businesses upstream of the consumer!). A 30% sales tax would take the total price to $104. Now imagine that sort of price differential while paying no withholding, no federal taxes of any kind, other than sales tax...
Our current, achingly complex tax system is a devastating anchor on the economy. It pulls businesses and consumers into ever darker sinkholes of preparation, attorneys' fees, and avoidance schemes. The IRS estimates that nearly 40% of the public is out of compliance with the current system. And that doesn't even include illegal income sources, estimated at $1 trillion of uncaptured federal revenue.
Buy the book and share it with a friend. You'll be amazed at what simplicity could do for us -- the citizens -- and the federal government. You'll also be startled at what it means for the elderly on fixed incomes as well as folks living below the poverty line. In a nutshell, it's a huge improvement for everyone. That's why members of both parties are strongly advocating the FairTax plan.
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Author: Guest
America was born in the midst of a great revolution sparked by oppressive taxation. There was something about the American character, open, hardworking and honest that rebelled at the very thought of taxes that were not only heavy but unfair. Today the proud American character remains unchanged, but slowly and subtly,surrendering first to this political pressure and then to that, our system of taxation has turned into something foriegn to our nature,something complicated unfair and un-American. The Time Has Come For A 2nd American revolution!
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Author: Guest
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