Better than Chocolate Flat Tax
by BEVERLY MARTIN
Mar 15, 2013 | 761 views | 0 0 comments | 4 4 recommendations | email to a friend | print

Keeping a flat tax flat is like eating chocolates – you can’t stop with just one. Income tax started as a flat tax but legislators can’t keep their hands off your goodies. The more chocolates you make, the more they take.



FairTaxHR25, a healthier  jumpstart of economy, is a single-sales tax on purchases of new goods and services. No tax on business activities, income, inheritance, gifts, or used goods. No IRS. A prebate allows tax-free spending until you spend more than the poverty level of spending for your size family.



The Tax Foundation says we spend $350-$400Billion annually to fill out forms. Small businesses pay $724 to figure how to remit $100 of taxes. Income tax drives $15-20Trillion offshore. $350Billion tax gap is owed but not paid when tax returns are submitted. Only 72-75% of taxes owed are collected. Although, the IRS will collect $2.3Trillion in revenue this year, FairTaxHR25 would have collected 10% more!



Pass FairTaxHR25. During the first year, the GrossNationalProduct increases 10.6%, exports increase 26% and capital investment rises 70%.



Facts are from Senator Linder’s (the bill’s original sponsor) presentation at Hillsdale College: http://www.youtube.com/watch?v=6szslYYlRr8 



Learn about FairTax25 at www.fairtax.org. Call your representative. Demand support for HR25.

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