Chairman Reports

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The Chairman’s Report June 18, 2021
About a week ago, Propublica released a document based on a review of leaked IRS tax returns.  They did not allege that any of the wealthy taxpayers involved were violating any part of the Internal Revenue Code.  The “crime” that these wealthy people committed was that they made a lot of money and paid very little, if any, tax. ​​​​​​​ Read More.
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The Chairman’s Report June 11, 2021
Many in D.C. have dreamed about the IRS having a computer system that can analyze our tax returns and not just identify unreported 1099 income, but also flag returns on which the taxpayer has exaggerated deductions, claimed credits to which they are not entitled or underreported other income. ​​​​​​​ Read More.
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The Chairman’s Report June 4, 2021
Each week there are many blogs that detail some of the many frauds perpetrated against the income/payroll tax system. ​​​​​​​ Read More.
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The Chairman’s Report May 28, 2021
Supporters of the FAIRtax became supporters for many reasons.  Here are some of them: ​​​​​​​ Read More.
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The Chairman’s Report May 21, 2021
In 2018, the top 1% of income earners earned more than $540,000 each. Collectively, they earned 21% of all U.S. income, and paid 40% of all federal income taxes. The top 10% of all taxpayers who earned more than $151,000, earned 48% of the income and paid 71% of federal income taxes. Read More.
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The Chairman’s Report May 14, 2021
Peter Morici is Professor Emeritus at the University of Maryland and is recognized as an expert on economic policy and international economics.  He has often appeared on CNN, CBS, BBC, Fox, ABC, CNBC, NPR and NPB. Read More.
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The Chairman’s Report May 7, 2021
While many in the media were praising President Biden’s speech to Congress about his plans to spend as much as $6 trillion dollars in the next few years, Dr. Douglas Holtz-Eaton, the director of the Congressional Budget Office from 2003 to 2005, wrote an article entitled, The Fine Art of Making Things Add Up.  Read More.
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The Chairman’s Report April 30, 2021
When it comes to investing, it's not just how much you make that matters—it’s how much you keep after taxes.  Read More.
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The Chairman’s Report April 23, 2021
Like the lady above whose smartphone is being stolen from her purse, we are all being victimized by thieves.  Just who are these thieves?  They are the ever-growing number of people who are illegally evading their income taxes. Read More.
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The Chairman’s Report April 16, 2021
The reason for the obvious lack of enthusiasm shown by Congress, the D.C. think tanks and the media is that the people to whom they answer, the Ruling Class, see the FAIRtax for what it is—a huge transfer of power and money from D.C. to the citizens. Read More.
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The Chairman’s Report April 9, 2021
In many languages and over hundreds of years, people have agreed that the way to tell if politicians are lying is to see if their lips are moving. Read More.
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The Chairman’s Report April 2, 2021
Most of us recall how we felt when we were kids and started to make our own money. Read More.
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The Chairman’s Report March 26, 2021
The FAIRtax has always been a remarkable thing. But now, nearly 30 years after its creation, our appreciation of just how remarkable it is continues to grow. Read More.
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The Chairman’s Report March 19, 2021
It is a fact that the federal income tax allows the Swamp and Congress to make huge profits from groups seeking to protect, expand and achieve income tax benefits. Read More.
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The Chairman’s Report March 12, 2021
The FAIRtax is a non-partisan issue. Because of the benefits to lower income citizens and the economic growth it will bring, it is legislation that both parties—if they were really interested in their constituencies and not their own power, would endorse. Read More.