"Would the FAIRtax have made George’s job easier in 1794? " - Today’s Chairman’s Report is written by Jade Walle. Jade is a partner of a CPA firm and is on the board of Americans For Fair Taxation.
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"Would Karl Marx Support The FAIRtax?" - An indirect tax, like the FAIRtax or state sales taxes, is a tax that is added to the cost of a product and collected by a retailer who then sends it to the government.
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"A President Tells Us Why We Must Continue" - Many of us have labored for many years to pass the FAIRtax, a bill that will do much to remedy many of the problems that have divided our country and hampered our prosperity. It will also let us TAKE BACK CONTROL of how much we pay in federal taxes and clearly see how much we are paying in federal taxes.
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This is the title of a letter posted by a group of 100 millionaires/billionaires who believe that they, as a group, are not paying enough taxes and want us to know that they are really socially conscious and want to help all of us.
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Too often we neglect to check in with our history and wise elders of the past as it relates to solving today’s problems. Today we will focus in on the U.S. income and payroll tax system relative to the wisdom offered by some figures from our past. Read More.
In 2017, the Tax Cuts and Jobs Act limited the state and local tax deduction (SALT) to $10,000. In states with high state income and property taxes, this resulted in a significantly higher federal tax bill for many high-end taxpayers. Read More.
If you report receiving any illegal money, you are admitting to breaking the law. In that case, you can be prosecuted, and in many cases the crimes to which you admit carry much more severe penalties than any prison sentence for failing to report the illegal money.
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In every period of history in which people were suppressed, or even worse, by a government, those actions required the cooperation, or at least the acquiescence, of a portion of the population. Read More.
Today’s Chairman’s Report is written by Jade Walle. Jade is a partner of a CPA firm and is on the board of Americans For Fair Taxation. Jade explains how businesses will benefit from the FAIRtax which will enable Americans to accomplish even more. Read More.
The D.C. ruling class and their minions in Congress are ignoring the clear economic evidence about the harm that the income/payroll tax system is doing. Instead of recognizing that the rapidly escalating income/payroll tax evasion is clear evidence that the American people are demanding change, Congress is doubling down, wanting to make the IRS much larger so it can punish all of us and not just the people evading taxes. Read More.
To become law, the FAIRtax will need to pass by a majority vote in the House of Representatives, by a majority vote in the Senate and then be signed by the President. However, passing legislation in the Senate often requires more than a simple majority of 51 Senators in favor of a bill. Read More.