By Beverly Martin
March 21, 2013
FairTaxHR25, a healthier jumpstart of economy, is a single-sales tax on purchases of new goods and services. No tax on business activities, income, inheritance, gifts, or used goods. No IRS. A prebate allows tax-free spending until you spend more than the poverty level of spending for your size family.
The Tax Foundation says we spend $350-$400Billion annually to fill out forms. Small businesses pay $724 figuring how to remit each $100 of taxes owed. Income tax drives $15-20Trillion offshore. $350Billion tax gap is owed but not paid when tax returns are submitted. Only 72-75% of taxes owed are collected. Although, the IRS will collect $2.3Trillion in revenue this year, FairTaxHR25 would have collected 10% more!
Pass FairTaxHR25. During the first year, the GrossNationalProduct increases 10.6%, exports increase 26% and capital investment rises 70%.
Learn about FairTaxHR25 at www.fairtax.org .
Call your representative. Demand they cosponsor FairTaxHR25.
Received March 20, 2013 - Published March 21, 2013
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