The current Tax Code is a mess and needs to be eliminated. The best chance for full-scale reform is the FairTax. The Fair Tax Act repeals corporate and personal income taxes, payroll taxes, gift taxes, death taxes, capital gains taxes, Social Security and Medicare taxes.
The FairTax is a revenue neutral sales tax paid at the point of final purchase would be the replacement tax system. Used products would not be taxed. Rebate checks tied to the poverty level would be issued to taxpayers -- eliminating taxes on basic necessities.
Whereas, the burden of calculating and filing complicated income tax returns remains unacceptably high, costing Americans billions of hours and hundreds of billions of dollars each year;
Whereas, the disruption and uncertainty that the U.S. Tax Code exerts on Americans' daily lives is one of the key aspects of the system's unfairness;
Whereas, Americans are hoping for a bolder, simpler alternative to the nation's current tax maze;
Whereas, the FairTax plan would replace today's indecipherable Tax Code with a flat-rate national retail sales tax plan that would:
* repeal many federal taxes, including personal income, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes without reducing revenue;
* abolish the Internal Revenue Service, eliminate embedded taxes in goods and services that amount to billions of dollars, and bring offshore corporate dollars back into the U.S. economy;
* be fair for low-income Americans by providing universal tax rebates for consumption up to the poverty line;
* reward job creation, hard work, and individual responsibility;
Therefore: I urge the President and the United States Congress to support the FairTax that would bring fairness, transparency, and efficiency to our unfair, complex, and confusing Tax Code.
Signed by:
[Your name]
[Your address]
