Tuesday, April 15, 2008

The right thing is almost never easy

The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes 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…

The FairTax:

* Enables workers to keep their entire paychecks

* Enables retirees to keep their entire pensions

* Refunds in advance the tax on purchases of basic necessities

* Allows American products to compete fairly

* Brings transparency and accountability to tax policy

* Ensures Social Security and Medicare funding

* Closes all loopholes and brings fairness to taxation

* Abolishes the IRS

There is more over at Red Planet.