-->
-
Fair Tax H.R. 25 is a bill sponsored by Rep. John Linder and Sen. Saxby Chambliss. The bill gets rid of all federal income tax and replaces it with one federal consumption tax. In order to supplement the loss of a national income tax, a federally mandated sales tax of 23% tax exclusive or 30% tax inclusive would be levied on all goods and services. Supporters of the tax say it will be progressive on consumption, effectively taxing the wealthiest citizens more because of their increased spending, while leaving those who buy relatively little with a small tax burden. They also make arguments for stronger economic growth and benefits for businesses to remain in the United States. Opponents of the bill argue that the middle class will be unfairly burdened with higher taxes and that the U.S. economy would potentially suffer a decade-long downturn due to the sudden disincentive to spend money.
-
Fast Facts
- Created by [http: //www.fairtax.org/site/PageServer Americans For Fair Taxation]
- Eliminates the need for IRS
- Tax rate: 23% - some say 30%
- Encourages saving
- Would lead to the repeal of the 16th Amendment
- Used goods not taxed
- 2005: Neal Boortz releases The FairTax Book
- Tax would be taken out of the established price of the item, not in addition to the price
- This taxing method is called "tax-inclusivity"
-
Related Pages on Mahalo
Taxes | IRS | Tax Reform | Income Tax | How to Find Federal Income Tax Forms Online | How to File Your Taxes | How to Avoid a Tax Audit | How to Spend Your Tax Rebate | How to Check Your State Tax Refund Status | Flat Tax | John Linder | Saxby Chambliss | How to File for a Tax Extension | How can I avoid getting audited by the IRS | Where can I find free state tax return online | How to Pay Your Taxes Online | How to Check your Fed. Tax Refund Status -
Categories
News
|
Politics
|
Finance
|
Political Issues & Controversies
|
Financial Problems & Crises
|
Business News
Recent Contributors
- View History
- Discuss on the Message Board
- Embed this Page
-
Share this page
-
-
The Mahalo Top 7
-
Linder Fair Tax: FairTax
linderfairtax.house.gov -
FairTax.org: Americans For Fair Taxation
fairtax.org -
Wikipedia: FairTax
en.wikipedia.org -
The Library of Congress: Fair Tax Act of 2007 Senate
thomas.loc.gov -
Fair Tax Scorecard: Fair Tax Congressional and Executive Scorecard
fairtaxscorecard.com -
New York Times: "The Republicans' Expensive Tax Promise"
WARNING: Pop-ups
nytimes.com (December 14, 2007) -
Google News Search: Fair Tax
news.google.com
-
Linder Fair Tax: FairTax
-
-
Fair Tax on Amazon | View All
-
Fair Tax: A Wolf in Sheep's Clothing - $14.99
If you are a State or Local Politician Hosting a town meeting, You Don't Need this Book!If you can answer the following Questions... (Back): 1. Will the Fair-tax be Revenue Neutral? 2. Will 23% tax be Sufficient? 3. Will Employers pay the P...
Amazon -
The Fair Tax - An Easy to Understand Essay that Explores Both the Pros & Cons of this Issue - $0.99
Why not make April 15th just another day? Would a national sales tax work better than our current system. Some might find it interesting that according to the IRS figures of 2005 the top 5% of all tax payers paid more than 50% of all taxe...
Amazon -
-
The Least of These: Fair Taxes and the Moral Duty of Christians - $7.95
Includes Susan Hamill's thesis and related writings about a grassroots tax revolution. Includes an unabridged version of An Argument for Tax Reform Based on Judeo-Christian Ethics.
Amazon -
The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS - $14.95
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 Fair...
Amazon
-
-
Fair Tax on Twitter Powered by Twitter
-
-
-
Tobin Tax, Making Wall Street Pay Its Fair Share :: The Market ...: Such a tax would instantaneously kill the i.. http://bit.ly/Z8KV8
@stanleyreed | November 11, 2009 11:10 PM -
Fair Tax still gives feds too much power. How about abolishing individual income tax, and feds only tax states' incomes? republic-again?
@michaelwgerhart | November 11, 2009 09:24 PM -
PRS: Fair cop, or plain tax on music? http://bit.ly/3GSvkA
@TextConxTweets | November 11, 2009 08:36 PM
-
-
Questions and Answers About Fair Tax | View All | Ask a Question
View All Fair Tax Questions (752) | Ask a QuestionHow can it be fair to divide tax money and representation equally among residents who both pay taxes and do not pay taxes? (2 Answers)I suppose it is not really fair, but it would also not be fair to those of us in high-illegal-immigrant communities if the illegals put wear and tear on our ... read moreDo the rich get the tax breaks? (1 Answer)Yes the rich get the tax breaks. -quote- "A Few Basic Reasons For Why The Rich Get Richer The rich have started successful businesses. They do it by starting their ... read moreWhat is the tax rate in Singapore? (3 Answers)In Singapore, individual income tax forms part of two different sources income tax. The taxation system works on the basis that only income earned in Singapore are taxable. Residential status ... read moreIs fairness a part of the law? (1 Answer)The Law depends on which theory your refering to. There is 3 theorys of law. Structural, Conflict, Symbolic Interaction. Structural - the Law is there and serves a certain funciton ... read more
Ask a Question about Fair Tax 140 characters
-
-
-
Saxby Chamblis
- Mahalo's Guide to Saxby Chambliss
- Official Site: United States Senator Saxby Chambliss and Saxby Chambliss - US Senator for Georgia
- Wikipedia: Saxby Chamblis
- Washington Post: Saxby Chambliss Voting Record
- OnTheIssues: Saxby Chambliss on the Issues
- This page was created by Tammyd, a Part Time Guide in the Mahalo Greenhouse (see the original), and curated by David.
- If you'd like to help us create the best spam free search results on the Internet, apply to be a Part Time Guide!</em>
