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Why NTU Supports the FairTax:
The Fair Tax Act of 2005 would promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
And on the Petition page, this:
… the FairTax plan would replace today’s indecipherable Tax Code with a flat-rate national retail sales tax plan that would:
- repeal many federal taxes, including personal income, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes without reducing revenue;
- abolish the Internal Revenue Service, eliminate embedded taxes in goods and services that amount to billions of dollars, and bring offshore corporate dollars back into the U.S. economy;
- be fair for low-income Americans by providing universal tax rebates for consumption up to the poverty line;
- reward job creation, hard work, and individual responsibility…
Check out the info at The National Taxpayers Union and get on board! Your children and grandchildren will bless you.
And get the book, darn it! 🙂
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