Chairman Reports

Just how rich are the rich? Bank of America economist Aditya Bhave has an answer, and it's a striking one. Read More.

A wave is sweeping American statehouses. Mississippi and Oklahoma are actively phasing out their state income taxes entirely, and at least six states — Arizona, Georgia, Idaho, Iowa, Louisiana, and Mississippi — have already converted to flat taxes, widely seen as a transitional step toward full elimination.  Read More.

Dr. Frank Luntz's new polling paints a troubling picture of America: 70% of voters say the economic system is "unfair," 55% say they're falling behind financially, and 38% — the highest since 2009 — say they want more socialism and less capitalism. Read More.

The following article is reprinted with permission from Professor John Cochrane. He is one of the most prominent American economists working today in financial economics and macroeconomics. Read More.

In May 2026, Amazon founder Jeff Bezos made a splashy proposal: the bottom half of American earners should pay zero federal income tax. Read More.

In this 250th year celebration of our independence, we at FAIRtax wish you a HAPPY FOURTH OF JULY. Read More.

Psychological Predisposition- Income and Property Taxes In last week’s Chairman’s Report, we highlighted a famous Adam Smith quote from Wealth of Nations, which reads, “The property which every man has in his own labor, as it is the original foundation of all other property, so it is the most sacred and inviolable.” Read More.

The Worst Kind of Taxes This year, Wyoming legislators are considering the elimination of all residential property taxes with their House Bill 118.  Read More.

How the FAIRtax Could Help Reduce Inflation by Increasing the Supply of Goods Inflation is often described as “too many dollars chasing too few goods." Read More.

Why the FAIRtax Is More Ethical Than the Present Income/Payroll Tax System Ethics is the branch of philosophy that deals with questions of right and wrong conduct, moral duty, justice, fairness, and the principles that should guide human behavior. Read More.

Let’s pit our fellow Americans against each other (Part 2) In last week’s Chairman’s Report, we learned that corporate income taxes make up less than 10% of our U.S. Treasury income tax receipts. Read More.

Let’s pit our fellow Americans against each other (Part 1) Early fiscal year 2026 Congressional Budget Office estimates note that of the $5.6 trillion the Treasury expects to collect, $404 billion, 7.1%, will be from the corporate income tax. Read More.

Federal Excise Taxes: Constitutional Basis, Origins, and Use in the United States The FAIRtax, a national retail sales tax, is an excise tax. Excise taxes have been used to fund federal government activities since the beginning of the Republic. Read More.

Why the FAIRtax taxes Government Entities The FairTax Act, H.R. 25, abolishes the federal individual and corporate income taxes, payroll taxes, estate taxes, and gift taxes. Read More.

Social Security needs money to fix its shortfall. The question is, who will pay? This is the title of a CNBC article. Read More.