The Benefits Of The Proposed Fairtax System
The Benefits of the Proposed FairTax System
September 10, 2003
Today's current tax system is a confusing mess of policies, procedures and laws that not even the best and brightest in this country can keep current with and know everything about. With over 10,000 pages of text, hundreds of thousands of pages of regulations and other pronouncements the common American does not generally know what taxes they are paying and what amount is being extracted from their incomes. The FairTax would eliminate these problems by eliminating payroll taxes, income taxes, estates taxes, gift taxes, capital gains taxes, self-employment taxes and corporate taxes. It would put in place of these many different kinds of taxes a single tax rate collected at the point of purchase.
The current tax system punishes those individuals and families that are working to live the American dream. Those who are progressing in life, gaining more education, increasing in skills and knowledge and therefore are......
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