Ask 50 different tax preparers what a particular family owes in income tax and you’ll get 49 different answers. With its ever changing myriads of exemptions, deductions, exclusions and credits, it’s impossible to predict what you’ll owe in income taxes. But with the FAIRtax, a very simple calculation can determine your tax liability with incredible accuracy.
This week, John Gaver joins the FAIRtax Guys to show off a simple calculator he developed that shows exactly what anybody’s tax liability will be under the FAIRtax.