FairTax

The FairTax Act: a Revolutionary Idea
 Dissatisfied with the current tax code, Americans are ready for change. The FairTax proposal is a plan designed to address the weaknesses in the current code, to provide relief for individuals and corporations, and to stimulate the economic growth of America. With the FairTax plan, people will no longer pay Social Security Tax, the Medicare Tax, corporate income taxes, the death tax, the self-employment tax, the alternative minimum tax, the gift tax, or capital gains taxes. Obviously, the plan is revolutionary; but America has a history of revolutionary ideas. Americans have disliked taxes since colonial times. In fact, the intolerable taxes levied by Great Britain were a major factor leading to the…

Understanding the Fair Tax Act A lot of Bronx tax payers feel that the tax system applicable here is too complicated. It is thus that the wealthy and other exceptional groups are taking advantage of the same and the other tools to avoid the payment of taxes. It is this that a proposal to introduce Fair Tax Plan has now come up. There are many other reasons to this and it is thus that it has gained a lot of recognition too. In the recent part the Fair Tax Plan is one system which is being well…