The FairTax would abol­ish the IRS

The Washington Times Weekly - - Letters To The Editor - ED WIG­GIN­TON De­catur, Alabama

Vi­su­al­ize get­ting your whole pay­check (no fed­eral in­come tax or FICA de­duc­tions) ev­ery pay­day. Then imag­ine that you would get to de­cide how much fed­eral tax you pay ac­cord­ing to what you chose to buy. Well, the FairTax would do this for ev­ery­one. FairTax re­places and is sim­pler and fairer than the IRS’ 77,000page fed­eral in­come-tax code. the FairTax elim­i­nates the In­ter­nal Rev­enue Ser­vice.

Now let’s look at what taxes would go away un­der FairTax. The pro­posal now in Congress, HR 25, re­places fed­eral in­come, pay­roll, per­sonal, gift, es­tate, cap­i­tal gains, al­ter­na­tive min­i­mum, So­cial Se­cu­rity, Medi­care, self-em­ploy­ment and cor­po­rate taxes. Another big ad­van­tage: Amer­i­can work­ers would take home their whole pay­checks. That means more peo­ple will have jobs. No fed­eral in­come or pay­roll taxes would be with­held from pen­sions, in­vest­ment in­come or So­cial Se­cu­rity checks, ei­ther.

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