If you haven't read the FairTax article on Wikipedia, you should. It's a very good place to get started learning about it. The FairTax (H.R.25/S.25) is a proposal for changing United States tax laws to replace all federal personal income taxes, payroll taxes, corporate taxes, capital gains taxes, self-employment taxes, gift taxes and inheritance taxes with a national retail sales tax and monthly tax rebate to households of citizens and legal resident aliens. The FairTax would be levied once at the...

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This was news a couple months ago, but I never had a chance to read up on it. The answer? 24,000 pages. The IRS is touting this on their website because GM was able to file electronically. Look at all the paper they saved. Yippee. But how much money did they spend on tax attorneys, management approval, etc.? How many man years did it take to complete this? And how much of my taxpayer money will it cost the IRS to review this return? And people still claim that our tax code isn't too complex and that...

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A good article comparing two different earners and how they'd be taxed under the FairTax

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Have you figured out how much taxes you owe? How much you paid this year? Plain English Summary of the Bill

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The Fair Tax Blog has a good post on the history of the AMT (Alternative Minimum Tax) and it’s ever widening net. If you don’t pay AMT soon, you’ll be one of the few lucky ones. If you have a house and any kids, you’re already on the fringe. Ready for that tax bill on April 15 to skyrocket? No? Then read the post...

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Bill Rollyson has a great blog post on how the FairTax can help to fix what’s wrong with the growth of government. From the article: The FairTax enhances our economic viability. It passes down a continued legacy of freedom to future generations of Americans. Inaction will lead to higher interest rates, lower wages, shrinking pensions, slower economic growth, a lesser standard of living, higher taxes in the future for today’s younger generation, less savings, more consumption, plunging...

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Scorecards for support and opposition to the FairTax are now online for both the House of Representatives and the Senate. While most (not all) opposition to the FairTax is either misinformed or misrepresenting it, there are some people that have legitimate grievances. I actually don’t have too much of a problem with people being against it, if they have a better proposal, but the disturbing thing about both scorecards are how many people fall into the “Will Not Commit” category....

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Neal Boortz was in Indianapolis last night promoting the FairTax book. He was at a book signing in Castleton. I hope that you attended if you have questions about the FairTax. I didn’t because I had a little work around the house to do, and I’m sold on it already. Mr. Boortz is also broadcasting from his Indianapolis affiliate this morning, so you can catch him on WXNT – Newstalk 1430. Yes, I know it’s hard to believe, but there are still stations that broadcast on the AM...

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I’ve written about the FairTax previously here. If you’re in the Indianapolis area, it may interest you to know that one of the authors, Neal Boortz, will be at the Border’s in Castleton on October 11. I know it’s in the evening. I think it’s 7 pm, but I’ll work on confirming that. He’s going to be there to do a book signing. However, I’m sure that if you come there with questions about the FairTax, he’ll be glad to educate you. As an aside, this...

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This weekend, I read The FairTax Book, by Congressman John Linder (R-GA) and syndicated talk show host Neal Boortz. A few words about Mr. Boortz are necessary before you visit his website, if you’re not familiar with him. Mr. Boortz is a conservative talk show host, and I would describe him as a “Libertarian crank”. I think I can get away with this, because I don’t think he’d disagree or find it insulting. If I’m wrong, I will change this and apologize. Anyway,...

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