Imagine that there are two minutes left in the fourth quarter of the Super Bowl and your team is down by four points. You need a touchdown to win the game. You have the ball, third and nine on your opponent's 30 yard line. Your quarterback completes a pass to the tight end for a ten yard gain. You look to the sidelines expecting the officials to signal first down and move the chains. But wait. The referee runs over and tells you that the rules have changed. You now need fifteen yards to get a first down, and it's fourth and four.
Crazy? That might not happen on the football field, but similar things happen all the time with the tax code. Credits are given and then taken away. Temporary measures are implemented. Some expire, some get extended and some are made permanent. You just never know from one year to the next what the tax law in any particular situation is going to be. In this edition of FAIRtax Power Radio, the Guys look at just how unstable the income tax has been over time and make the case that it all needs to be replaced by the FAIRtax.
Catch the next episode of FAIRtax Power Radio Tuesday July 12 at 8:00 Eastern time on the FAIRtax Official Facebook page and the FAIRtax Guys YouTube channel.