To Replace Income Tax With Sales Tax
More Info at:
The present 67,000 pages of tax legislation allows so many exceptions and exclusions that it cannot be made fair and simple. This has driven companies and individual bank accounts offshore and encouraged non-compliance costing billions in uncollected taxes. The untaxed underground economy may be near half a trillion dollars annually adding further to the burden of honest and complying citizens.
FairTax (H.R. 25 & S. 13) would replace the unfixable I.R.S. Code with a simple 23\% federal sales tax. This would eliminate all federal withholding, all corporate and individual income taxes, estate, gift, and capital gains taxes. This FairTax progressively untaxes the poor altogether with a rebate. It encourages untaxed corporations to American shores greatly expanding employment opportunities. This would fill our shelves and showrooms with far less expensive goods.
H.R. 25 now has 61 co-sponsors in the House of Representatives. For much more complete and timely information on this historic legislation, go to www.fairtax.org.
Please sign and forward this petition to your voting friends for their signatures.