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Home > Business & Economics > Finance & Accounting > The FairTax Book: Saying Goodbye to the Income Tax and the IRS

The FairTax Book: Saying Goodbye to the Income Tax and the IRS

by Boortz, Neal, Linder, John
 
 
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The FairTax Book: Saying Goodbye to the Income Tax and the IRS
Wouldn't you love to abolish the IRS ...
Keep all the money in your paycheck ...
Pay taxes on what you spend, not what you earn ...
And eliminate all the fraud, hassle, and waste of our current system?

Then the FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan, replacing the federal income tax and withholding system with a simple 23 percent retail sales tax on new goods and services. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than six hundred thousand taxpayers signing on in support of the plan.

As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable, and equitable tax collection system. Among other benefits, it will:

  • Make America's tax code truly voluntary, without reducing revenue
  • Replace today's indecipherable tax code with one simple sales tax
  • Protect lower-income Americans by covering the tax on basic necessities
  • Eliminate billions of dollars in embedded taxes we don't even know we're paying
  • Bring offshore corporate dollars back into the U.S. economy

Endorsed by scores of leading economists and supported by a huge and growing grassroots movement, the FairTax Plan could revolutionize the way America pays for itself. In this straight-talking book, Neal Boortz and John Linder show you how it would work -- and how you can help make it happen.



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Title of ebook: The FairTax Book: Saying Goodbye to the Income Tax and the IRS
ISBN: 9780060897468
parent-ISBN: 9780060875411
Publisher: HarperCollins e-books
Published: 09-2005
Released online for download: 08-30-2005
Author of eBook: Boortz, Neal
Author of eBook: Linder, John

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The Fair Tax Book

Saying Goodbye to the Income Tax and the IRS

Chapter One

The History of Our Income Tax

No ... you haven't bought a history book. You've bought a book that details a new method of raising revenue for the federal government that will send the American economy into warp drive - while restoring financial privacy and economic liberty to American families and wage earners.

To plan successfully for the future, though, it's necessary to have at least a basic understanding of the past. If we're trying to kill a bureaucratic monster that destroys initiative and impedes economic growth, it's crucial that we know just what cave that monster crawled out of. In the words of the American philosopher George Santayana, "Those who cannot remember the past are condemned to repeat it."

As you read this depressing (though brief) history of the income tax in America - and the chapter on withholding that follows - keep this basic fact in mind: There is absolutely no limit to the government's desire for your money. When it comes to politicians' powers of taxation, the only limit they recognize is the people's willingness to tolerate the confiscation of their wealth. The amount of ... read full excerpt from: The FairTax Book: Saying Goodbye to the Income Tax and the IRS ebook



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