It eliminates the income tax and IRS from "summary" of The Fair Tax Book by Neal Boortz,John Linder
The idea behind the Fair Tax is straightforward: get rid of the income tax and the Internal Revenue Service. Imagine a world where the complicated tax forms and endless deductions are a thing of the past. No more worrying about audits or keeping track of receipts. Instead, every American would pay their fair share through a national sales tax on new goods and services. This new tax system would be simple and easy to understand. You make a purchase, you pay a tax. It's as simple as that. No more trying to decipher tax codes or hiring expensive accountants to navigate the system. With the Fair Tax, everyone would be on a level playing field, paying the same percentage on their purchases. The elimination of the income tax and the IRS would bring about a sense of freedom and empowerment for all Americans. No longer would the government have the ability to dig into your personal finances and dictate how much of your hard-earned money they are entitled to. With the Fair Tax, you have control over how much you pay in taxes based on your spending habits. By implementing the Fair Tax, the economy would experience a much-needed boost. People would have more money to spend, leading to increased consumer confidence and economic growth. Small businesses would thrive without the burden of complex tax regulations holding them back. Overall, the Fair Tax would create a more prosperous and fairer society for everyone.- The concept of the Fair Tax is a radical yet logical solution to the current tax system. By eliminating the income tax and the IRS, we can simplify the tax process, empower individuals, and stimulate economic growth. It's time to embrace a new way of taxation that benefits all Americans.
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