Keep Your Entire Paycheck. Make April 15 Just Another Day

Tuesday, April 19, 2005

The National Retail Sales Tax Alliance says:

When the income tax was instituted in 1913 the tax form was four pages long and you would had to have earned more than $300,000 (in 1994 dollars) to be even required to file a return. In 90 years this is what it has come to...
The average tax burden borne by Americans in 2000 was 33.5%
In the year 2000, the 1040 form was 70 lines long and had 117 pages of instructions.
Individuals and businesses waste nearly $200 billion a year filing their taxes. We bear this burden through higher prices and lower wages.
The IRS prints some 280 instruction forms to explain how to complete nearly 480 tax returns.
The tax code is so large that each year the IRS mails enough pages of forms and instructions to circle the earth nearly 28 times.
The number of IRS employees has more than doubled in the last 30 years.
Half of all filers hire someone else to do their taxes.
Believe it or not the solution is simple - REPLACE the entire income tax system with the FairTax!

The FairTax is a NATIONAL RETAIL SALES TAX; in other words, you would pay your federal taxes whenever you purchased a product or service. The FairTax means that the federal government would no longer withhold federal taxes from your paycheck - you get to keep more of what you make. You would no longer need to file federal income tax forms - the federal income tax system would be abolished. And under the FairTax all families will receive a monthly tax rebate check. Check to see a list of Frequently Asked Questions from the FairTax website.


Anonymous said...

One part of the fairtax which will help seniors should be the rule of early retirement when they can only earn a certain amount or have to pay it back to me this would be eliminated under the fairtax am I wrong jw

Tuesday, April 19, 2005 4:51:00 PM

Blogger Sunnye T said...

You're right. Since there will be no income tax, the old rules will be gone.
The elderly will have their entire benefits checks to use as they please, with a significant rebate at the beginning of the month so they don't pay any tax on the first $24,000 they spend annually.

Wednesday, April 20, 2005 9:19:00 PM


Post a Comment

<< Home