There seems to be a trend brewing, largely in the Southeast. State after state has announced its intention to eliminate their state income tax. Read More.
Some people who are concerned about the regressivity of a consumption tax like the FAIRtax have suggested that the FAIRtax should contain exemptions for necessities like food and medicine.
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The Tax Foundation is an international research think tank based in Washington, D.C. that collects data and publishes research studies on U.S. tax policies at both the federal and state levels.
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A recent poll showed that most people across the entire political spectrum support the idea of replacing the income tax with a different system of taxation. Read More.