the tax consequences. And April 15th will become just another ordinary day. Sounds simple right? Well, you'll probably have more than a few questions and concerns. But The Fair Tax Book performs a stellar job in addressing the most commonly asked questions. Questions such as the following:
If we do this, won't prices go up 23%? No. The elimination of all current federal taxes will also eliminate the embedded tax costs inherent in all products currently sold. Since the Fair Tax will only be applied to final retail products, and not the inputs used in the manufacture of those products, prices will drop an average of 22% across the economy. So prices will remain the same!
What about the poor, won't they get hammered by the Fair Tax? Absolutely not. In fact, the Fair Tax is the only tax reform bill before Congress that totally eliminates the tax burden of the poor. Under the Fair Tax, every American (from the richest among us to the poorest among us) will receive a monthly rebate check from the federal government that covers the cost of the 23% sales tax up the poverty level. So a check for approximately $450 will be deposited in everyone's bank account to cover the 23% tax on the basic necessities of life (such as food, gasoline, clothing, etc.)
You'll probably have more questions than can possibly be addressed in this short article, but I have no doubt they'll all be answered if you simply take the time to read The Fair Tax Book. Authors Neal Boortz and John Linder brilliantly lay out their case for tax reform in an easy to read format that's also quite entertaining. And with powerful and influential Americans such as Tom Delay, Alan Greenspan, and Sean Hannity all trumpeting their support for the Fair Tax, it seems certain to dominate the realm of political discourse in the months and years ahead.
Once you've read it, you'll probably agree that The Fair Tax Book is probably the most important book to hit the American political landscape since Uncle Tom's Cabin. The FairTax is simple and easy to understand. More importantly, it returns America to the original intent of the Founding Fathers by creating a system of voluntary taxation that unleashes the true potential of free individuals. The explosion in wealth creation certain to follow will fuel America's position as the world's leading superpower for decades to come and solidify our nation's future for our children and grandchildren.
As a result, The Fair Tax Book will probably launch a political revolution. With the 2006 mid-term elections drawing near, take the time to educate yourself about the Fair Tax Act of 2005. You might well decide to become a minuteman in this modern day American tax revolt!About The Author: Britt Gillette is the author of The Dittohead's Guide To Adult Beverages (Regnery 2005). He also runs The DVD Report (
http://www.thedvdreport.com), a site showcasing his personal reviews of movies and TV shows currently released on DVD.
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