Transcript Keep 100% of your pay check!

The FAIR Tax
^
Keep 100% of
your pay check!
You are taxed only when you
spend - NOT when you earn.
The FAIR Tax
^
Eliminate the IRS!
Since sales taxes are collected by
businesses, at the time of purchase,
there is no excuse for an agency like the
IRS, looking into your personal finances.
The FAIR Tax
^
Taxes the
Black Market
When bookies, hookers, drug dealers
and others who have traditionally not
reported income, spend money, they
are taxed on their purchases.
The FAIR Tax
^
Makes US products
more competitive in
the USA
Foreign products, sold in the USA are taxed
at the same level as US made products.
The FAIR Tax
^
Makes US products
more competitive
abroad
Since US made products are not
taxed in the US, they can sell for
less in other countries.
The FAIR Tax
^
Reduces
Bureaucracy!
45 states already collect sales tax, so
most of the infrastructure is already in
place. At the same time, the FairTax
eliminates 115,000 IRS agents.
The FAIR Tax
^
Eliminates
“Hidden” Taxes
Eliminates the layer upon layer of
corporate taxes that are included
in the price of all retail goods.
The FAIR Tax
^
Reduces corporate
compliance costs
Corporate accounting costs would be
drastically reduced, resulting in lower prices,
more profits and higher wages... that is, for
everyone but corporate accountants and
lobbyists, who would no longer be needed.
The FAIR Tax
^
“Prebate” progressively
protects the poor
Every person with a SS Number will
receive a monthly “prebate” equal to the
tax level for the current cost-of-living, thus
negating some or all of the taxes paid by
low income earners and the elderly.
The FAIR Tax
^
Leads to Lower
Over All Taxes
Since people will be reminded how
much they are paying in taxes, with
every purchase, they will begin
demanding lower taxes.