We have been following The Fair Tax. After researching The Fair Tax, we believe it to be a viable reform to the current, archaic tax system we currently employ. We believe that, except for a small portion of the population, The Fair Tax will actually be beneficial to the populous at large. The Fair Tax is a consumption based retail tax that is designed to replace the current embedded (22% on average) tax burden currently included in retail items. Here is an excerpt from the AFFT website that describes a few of the high-points of The Fair Tax:

Why the FairTax?

• Every American can keep their entire paycheck.
• All federal income taxes — GONE!
• IRS and 16th Amendment — GONE!
• Completely untaxes low-income families.
• Untaxes tuition.
• Existing and future savings and investments are all tax free as the return on that savings.
• Positive impact on retirees.
• No federal taxes or compliance costs hidden in consumer prices.
• Raises the same amount of revenue as the current system with much lower marginal rates.
• Promotes economic growth and substantial wage increases for working Americans.
• Stops the export of American jobs.

Entrepreneurs are ‘can do’ people with the intestinal fortitude to get things done and have little tolerance for inefficient and/or non-functional systems. So, educate yourself about The Fair Tax and get involved with The Fair Tax movement. To learn more, please visit The Americans For Fair Taxation website.

Either enact change or sit idly by while change enacts upon you.

This entry was posted on Friday, May 23rd, 2008 at 3:55 pm and is filed under Political. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.