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(Newsweek) While TV screens have been filled with images of a small plane that flew into an IRS building in Austin, computer screens of antitax crusaders have also been especially active today. Many representatives of groups like Fair Tax or the National Taxpayers Union Foundation are here at the CPAC conference in D.C., which also [...]
The FairTax proposal is a comprehensive plan to replace federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security/Medicare, self-employment, and corporate taxes. The FairTax proposal integrates such features as a progressive national retail sales tax, dollar-for-dollar revenue replacement, and a rebate to ensure that no American pays such federal taxes up to the poverty level.
