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FairTax Plan: Keep 100% of Your Paycheck, Eliminate IRS, and Boost Competitiveness

The FairTax Plan proposes a revolutionary tax system where you are taxed only on what you spend, not what you earn. By taxing purchases instead of income, individuals can keep their entire paychecks. This eliminates the need for the IRS to scrutinize personal finances. The plan extends taxation to previously untaxed sectors like the black market and ensures foreign products sold in the USA are taxed equally to domestic goods, making American products more competitive both at home and abroad. The FairTax would streamline taxation, reduce bureaucracy, improve corporate compliance, and provide monthly rebates to low-income earners and the elderly. This innovative approach aims to lower overall taxes and empower individuals to demand reduced taxation. Take control of your finances with the FairTax Plan today!

alastair-scott
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FairTax Plan: Keep 100% of Your Paycheck, Eliminate IRS, and Boost Competitiveness

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  1. You are taxed only when you spend - NOT when you earn. Keep 100% ofyour pay check!

  2. Since sales taxes are collected by businesses, at the time of purchase, there is no excuse for an agency like the IRS, looking into your personal finances. Eliminate the IRS!

  3. When bookies, hookers, drug dealers and others who have traditionally not reported income, spend money, they are taxed on their purchases. Taxes theBlack Market

  4. Foreign products, sold in the USA are taxed at the same level as US made products. Makes US products more competitive in the USA

  5. Since US made products are not taxed in the US, they can sell for less in other countries. Makes US products more competitive abroad

  6. 45 states already collect sales tax, so most of the infrastructure is already in place. At the same time, the FairTax eliminates 115,000 IRS agents. Reduces Bureaucracy!

  7. Eliminates the layer upon layer of corporate taxes that are included in the price of all retail goods. Eliminates“Hidden” Taxes

  8. Corporate accounting costs would be drastically reduced, resulting in lower prices, more profits and higher wages... that is, for everyone but corporate accountants and lobbyists, who would no longer be needed. Reduces corporate compliance costs

  9. Every person with a SS Number will receive a monthly “prebate” equal to the tax level for the current cost-of-living, thus negating some or all of the taxes paid by low income earners and the elderly. “Prebate” progressivelyprotects the poor

  10. Since people will be reminded how much they are paying in taxes, with every purchase, they will begin demanding lower taxes. Leads to Lower Over All Taxes

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