Saturday, December 26, 2009

FairTax on Twitter

It's FairTax Saturday - look at your paystub!

According 2 the Tax Foundation, Americans spend an estimated 6.0 billion hrs complying w/ the federal income tax, yearly!


The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 296) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.

More information is available at http://www.fairtax. org or join the FairTax Indiana grassroots effort at http://infairtax.

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