The FairTax Book
February 9th, 2010 | 
Author: 
- ISBN13: 9780060875411
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
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 FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan — replacing the federal income tax and withholding system with a simple 23 percent retail sales tax. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than 600,000 taxpayers signing on in support of the plan.
As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable — and equitable — tax collection system. Endorsed by scores of leading economists — and supported by a huge and growing grassroots movement — the Fair Tax Plan could revolutionize the way America pays for itself.
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5 Responses to “The FairTax Book”
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No question: we MUST have taxes. But there is a better way…tax assets.
I would not trade for anything the security of safely living in the U.S. with no fear of armed guerillas storming my home at 2:00 a.m.
The mighty military protects my property, and my investments (UPS properties, McDonalds restaurants, etc). Almost 25% of the U.S. budget goes for national defense.
Don’t tax income OR consumption; tax assets — personal and corporate. THAT makes the most sense…
Rating: 2 / 5
Why not just eliminate all taxes for everyone who makes over $200K a year? Why should those who reap the benefits of our society have to pay to support it? This is the next logical step after we eliminate the estate tax and give hundreds of millions in capital gains away tax free, why not shift the entire tax burden to the lower and middle class!
Rating: 1 / 5
The book repeatedly cites a 23% national sales tax. But look what FairTax.org says…
FROM: http://www.fairtaxvolunteer.org/smart/sketch.html –
“So, instead of paycheck-earning Americans paying 7.65 percent of their paychecks in Social Security/Medicare payroll taxes, plus an average of 18 percent of their paychecks in federal income tax, for a total of about 25.65 percent, consumers in America pay only $23 out of every $100. Or about 30 percent at the cash register when they elect to spend on new goods or services for their own personal consumption.”
DOES THE LAST LINE READ “30 PERCENT” OR IS IT JUST ME?!? Why do Fair Tax advocates continue to deny that $100 spent minus $23.00 for the ‘guv-err-meant…’ means that the $23 tax is against a basis of $77, and my calculator says “$23/$77=30%!!!”
Rating: 1 / 5
Unfortunately, that 23 percent tax is actually a 30 percent tax, that they are trying to slip under your nose. An item that currently costs $1 would cost $1.30 (0.3/1.3=0.23). In reality, in order to raise the revenude necessary to finance the current spending of our government, the tax rate would need to be more in the 46% range.
Add to that, the fact that this is effectively an increase on tax on the elderly, homeowners and all but the rich, and you have an economical and politically unfeasible plan. I’m not a fan of the current system’s complications, but the national sales tax is not a wise alternative. But like I said, it’s nice in theory.
Rating: 1 / 5
As one of his constituents, I resent Rep. Linder placing this tax scam ahead of national security. It’s amazing how much time he wastes on this plan that will never pass. And it’s OUR money being wasted…
Rating: 1 / 5