It is a nonpartisan 501c4 grassroots organization solely dedicated to replacing the current income tax code with a national retaillevel consumption tax. So now opinion makers, politicians, pundits, editorial writers, reporters, columnists and others will take notice and start paying attention. The fairtax book, by neil bortz and jon lender new. Kotlikoff has asserted that the fairtax will lower the marginal tax rate for all earners. All taxes under fairtax, including social security, disability, or medicare taxes would be eliminated, leaving americans with a larger portion of their earnings. In the fairtax book, the syndicated radio host neal boortz and representative john linder, republican of georgia, claim that replacing all federal taxes income, payroll and estate taxes with a national sales tax would increase the. In 2005, firebrand radio talk show host neal boortz and georgia congressman john linder created the fairtax book, presenting the american public with a. The fairtax is a simple, fair and transparent solution to replace our current federal tax system. No ones claiming that the fairtax plan is perfect, but it is way, way better than what we have now. In the midst of rising unemployment and a surging deficit, the united states government is thinking of ways to increase revenue in order to fund government programs. The bill was reintroduced in january 2007 as the fair tax act of 2007.
Social security and medicare will be fully funded and will not go away. The fair tax book neal boortz ebook harpercollins publishers. He has been nominated twice for the national association of broadcasters marconi award and. The fairtax book saying goodbye to the income tax and the irs book. Income tax is a great burden on society, especially businesses. The plan replaces them with a federal retail sales tax of 23% to be administered by state sales tax. The fairtax legislation put forward in the senate by perdue, his fellow georgia republican johnny isakson, and their colleague jerry moran r. The government has been considering implementing a fat tax, eliminating capital gains taxes, and raising taxes on. The fair tax does not effect any of the spending side of government operations. Tomorrow on hoist the black flag over at rightalk well have radio host, columnist, and author of the fairtax book and the terrible truth about liberals neal boortz.
Fairtax was a flat tax proposal in 2005, 2008 and 2009 in the united states that includes complete dismantling of the internal revenue service. Fairtax, the truth downloadable audiobook the seattle. Review of the fairtax book, by neal boortz and john linder regan books, 2005 syndicated talk show host neal boortz and congressman john linder rga have joined forces to write a book on the fairtax plana proposal to replace the current system of federal income taxes, corporate taxes, social security and medicare taxes, capital gains taxes, gift taxes, and. The pocket idiots guide to the fairtax book pdf, epub ebook.
In recent years, the fairtax has gained a lot of attention, but for the vast majority of americans, theres a sense that theres still too little unbiased information on which to make an informed decision. The fairtax, much like the flat tax, is one of the better supported lets dump the tax code ideas from politicians that would abolish all federal income taxes, death taxes, capital gains taxes, and payroll taxes and replace them with a national retail sales tax. Representative coauthor, the fair tax book hillsdale college january 29, 20. The fair tax is the greatest tax idea yet however the politicians, lawyer, irs bureaucrats and the accountants will ensure that it will never happen. The fairtax book, published by regan, was cowritten with rep. The fair tax is set up to be revenue nutural to the feds at the time it is implemented. Be fair to fairtax throw the red herrings back in the water. The fairtax is the preferred tax simplification plan for hardcore conservatives, and for many in the tea.
It is apparently getting so difficult to defend the current income tax system that its guardians must use smear tactics to slow down its best replacement. Since my recent article on the evils of the withholding tax, i have been inundated with emails by supporters of the fairtax, including a request that i endorse the fair tax act of 2005 currently pending in the congress. The fairtax book saying goodbye to the income tax and the irs. It requires tremendous resources to plan, prepare and administer. The proposal would replace all federal income taxes including the alternative minimum tax, corporate income taxes, and capital gains taxes, payroll taxes including social security and medicare taxes, gift taxes, and estate taxes. The fairtax would require no additional book keeping. The fairtax hr25 s122 is a well researched tax proposal that grows the economy, ends the tyranny of the income tax and restores personal freedom to.
The despised federal income tax system needs to be shut down and america finally has a plan to do the fairtax book. Fairtax is both a theory and a suggested plan to the us congress that would eliminate all income taxes and the internal revenue service in its current incarnation. So i went into this book already knowing a good amount. Congressman john linder of georgia, the original sponsor of the fair tax legislation and coauthor with neal boortz of the fairtax book, has at times endured snickers from his colleagues in the house of representatives, because of his unrelenting fervor for the fairtax as a replacement for the current tax code from hell. As boortz and linder reveal in this first book on the fairtax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax. Mike huckabees unexpectedly strong secondplace showing in the recent iowa republican straw poll is widely attributed to his support for the fairtax. I first heard about the fairtax several years ago, and every so often i spend some time perusing their website for information. But like the calls for fair trade instead of free trade, the fairtax is a fraud because it is based on the fallacy that government theft taxation should be done in a. It abolishes all federal personal and corporate income taxes, and ends all taxes on gifts, estates, capital gains, alternative minimums, social security, medicare, and selfemployment. The fairtax book is a quick read i read the whole thing in a single day, most of it in one sitting.
However, they are starting out their new fair tax system with highly deceptive language. In the face of the outlandish american tax burden, talkradio. If you hear people discussing the fair tax act but arent yet familiar with it, youll probably wonder what the fuss is all about. Ironically they are never worried about my revenue stream when they attempt to tax me more politicians, sue companies into oblivion lawyersand. Harper collins, mar 17, 2009 political science 224 pages. The trouble with the fairtax gop presidential candidate mike huckabee recently got into a spirited debate with fox news anchor chris wallace about huckabees proposal to replace all federal taxes with a national retail sales tax, called the fairtax by its supporters.
The decrease in marginal rates is progressive that is. The marginal rate is the tax rate paid on the last dollar earned. The host of radios the neal boortz show, syndicated in nearly two hundred national markets, neal boortz is the author with congressman john linder of the new york times bestsellers the fairtax book and fairtax. One side says that the act will solve a lot of the united states taxation issues, while the other points out that it will bring on a whole new.
In an effort to marginalize the fairtax, a proposal developed by scholars across the country and introduced in the congress by me, slemrod excerpts a single line from the book as his summary of. It is estimated that the gross domestic product will increase over 10% in the first year. There is no such thing as a fair tax mises institute. In 2005, firebrand radio talk show host neal boortz and georgia congressman john linder created the fairtax book, presenting the american public with a bold new plan designed to eliminate federal taxes and the irs, jumpstart the u. The current incarnation of congressman linders fairtax is h. The truth, and author of the terrible truth about liberals. The bill has 70 cosponsors, including former presidential candidates thomas tancredo rcolo.
Following are blog references to the fairtax book, by neil bortz and jon lender. The fair tax plan is a sales tax proposal to replace the current u. The author of the fairtax book and fairtax the truth compares the current republican plan to fairtax part 2. This will result in more and more efforts such as this opinion piece that appeared in the clark timescourier in berryville, virginia. There are so many things to consider about the current taxing system. Last year, talkshow host neal boortz and congressman john linder coauthored the fairtax book. At least read the book before making up your mind based on opinions by people that have. Under the fairtax, every person living in the united states pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate.
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