incomehotspots - incomehotspots.com/fairtax
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Quote:
What is the Fair Tax Plan?
The Fair Tax Plan is a comprehensive Proposal that replaces all federal income and payroll taxes with an integrated approach including a proggressive national retail sales tax, a rebate to ensure no American pays federal taxes up to the poverty level, dollar-for-dollar revenue, neutrality and the repeal of the 16th Ammendment.
The nonpartisan legislation (HR 25/ S 25) abolishes all federal personal gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them all with one simple, visible federal retail sales tax - collected by existing state sales tax authorities.
The Fair Tax taxes us on only what we choose to spend, not on what we earn. It does not raise any more or less revenue; It is designed to be revenue neutral. So it is also cost neutral - The final cost for goods and services changes little under the Fair Tax. The Fair Tax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
The Fair Tax:
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Abolishes the IRS
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Closes all loopholes amd brings fairness to taxation
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Ensures Social Security and Medicare funding
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Brings transparency and accountability to tax policy
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Allows American products to compete fairly
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Reimburses the tax on purchases of basic necessities
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Enables retirees to keep their entire pention
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Enables workers to keep their entire paycheck
The information above was taken directly from the official Fair Tax website . If you would like to learn more about this FANTASTIC program, then please visit Americans For Fair Taxation: Americans for Fair Taxation .
For more information, visit
Fair Tax Plan
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rajhere
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