What is the Fairtax?
The FairTax is a proposal laid out in The FairTax Act (HR 25, S 1025) that would replace all federal income taxes with a single national retail sales tax. The tax would be levied on all new goods and services for personal consumption at the point of sale. The rate would be set at 23%.
Taxes eliminated include all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.
Sound good? Learn more about the FairTax right HERE.
The Movement has Started!
FairTax.org
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