What is the Fair Tax?
The FairTax is a simple, fair and transparent solution to replace our current tax system. It treats all citizens equally and allows American businesses to thrive, all while generating the same tax revenue for the government through the establishment of a national retail sales tax of 23% on new goods and services.
The FairTax® PlanYour Money, Your Decision
The current federal income tax system is clearly broken — unfair, overly complex, and almost impossible for most Americans to understand. But there is a reasonable, nonpartisan alternative that is both fair and easy to understand. A system that allows you to keep your whole paycheck and only pay taxes on what you spend.
The FairTax is a national sales tax that treats every person equally and allows American businesses to thrive, while generating the same tax revenue s the current four-million-word-plus word tax code. Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate. The FairTax rate after necessities is 23% compared to combining the 15% income tax bracket with the 7.65% of employee payroll taxes, both of which will be eliminated.
Important to note: the FairTax is the only tax plan currently being proposed that includes the removal of the payroll tax.
American Businesses Will Grow And Create Jobs
The FairTax helps U.S. businesses in three vital ways.
*Learn more about business taxes and the cost to consumer
*Compare the different tax plans
*Learn more about the impact on small business.
*Learn more about the impact on retailers.
For detailed information about The Fair Tax Plan visit:
Fair Tax Overview
Fair Tax FAQs
Fair Tax Research
Income Tax, Flat Tax & Fair Tax Comparison Chart
Sponsors And Co-Sponsors Of The The FairTax Act
Fair Tax New Jersey on Facebook
America's independent, non-partisan advocate for overburdened taxpayers.
The Fair Tax
Article by John Linder
What is the impact of the FairTax on business?
The FairTax BETA 0.1 from FAIRTAXER
Posted on November 9, 2011 by robtwilliams
Long, long ago, in a land not so far away, a Secretary of the Treasury had dreams of a consumption tax that would fund America’s government and help a thriving America grow even more. Thoughts of the Fair Tax have been around since before December 12, 1787 when Alexander Hamilton wrote the following as part of the Federalist Papers #21.
There is no method of steering clear of this inconvenience, but by authorizing the national