The tax system will be simplified from "summary" of The Fair Tax Book by Neal Boortz,John Linder
Simplifying the tax system is a key component of the Fair Tax plan. Currently, the tax code is overwhelming in its complexity, with numerous deductions, credits, and loopholes that only serve to confuse taxpayers and create opportunities for tax evasion. By implementing a flat consumption tax, many of these complexities will be eliminated, making it easier for individuals and businesses to comply with the tax laws. Under the Fair Tax plan, all individuals and businesses will pay the same tax rate on their purchases, regardless of income level. This eliminates the need for individuals to keep track of various deductions and credits, as well as the need for busi...
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