No to the IRS
Today, after a long illness, I joined the land of the living, went shopping, and saw a bumper sticker with the letters IRS crossed out, followed by the web address fairtax.org. I made a mental note to definitely look it up. Here is what their website says:
What is the FairTax plan?
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.
The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
The FairTax:
- Enables workers to keep their entire paycheck
- Enables retirees to keep their entire pension
- Reimburses 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
I am liking the part where it says, “Brings transparency and accountability to tax policy.” But it’s also the point where this doesn’t have a hope.
Could be worth a try though…
