"The Internal Revenue Code cannot simply be 'fixed,' … demonstrated by more than 35 years of attempted tax code reform, each round resulting in yet more complexity and unrelenting, page-after-page, mind-numbing verbiage (now exceeding 54,000 pages containing more than 2.8 million words)." From an open letter to DC from 80 leading Economists
The FairTax
Imagine our country with no personal income tax, and no IRS. Our current tax code invades our privacy, punishes success, and turns taxes into a game of hide the ball. To top it off, running the IRS itself costs the government billions.
The FairTax would change all that in one step. The FairTax begins by abolishing the IRS and the income tax. This one change to our federal revenue structure would heal the economy. Here’s how:
Replacing the current tax system with a retail sales tax will make the United States the best place in the world to invest. Experts predict that 10 to 15 Trillion dollars that are currently invested overseas will rush back into the US economy after the FairTax is implemented. Jobs will return to the US, new businesses will open, average citizens will have more money to spend, and government revenue will increase.
Please visit the FairTax website for more information.
