Bye, Bye IRS! Hello Fair Tax!

My husband and I learned about Fairtax.org when we attended our first Tax Day Tea Party.  I thought I would share an article below written by Matthew Burke.




By Matthew Burke...  When the federal income tax was established in 1913, the tax return consisted of only one page and the entire tax code itself consisted of only 14 pages, with a minimum tax of one-percent and a maximum tax on the extremely wealthy tax of only seven-percent. Today, with more than 67,500 pages (over 22 feet high) of largely incomprehensible income tax regulations, burdensome, unproductive compliance costs of more than $300 billion annually, the top tax rates for both individuals and businesses are 35% and going as high as 39.6% next year for individuals. The 35% corporate rate is the second highest in the developed world. The federal tax system serves the selfish goals of lobbyists, politicians, and bureaucrats in Washington, D.C. and is a depressing, economic nightmare for the rest who foot the bill.


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