Articles database
 
 
Web AnyArticles.com
Browse by Category:
  Finance >
  Subcategories
Credit Credit (1067)
Currency Trading Currency Trading (321)
Debt Consolidation Debt Consolidation (367)
Debt Relief Debt Relief (345)
Insurance Insurance (865)
Investing Investing (687)
Leases Leasing Leases Leasing (45)
Loans Loans (1222)
Mortgage Refinance Mortgage Refinance (1293)
Personal Finance Personal Finance (432)
Real Estate Real Estate (2095)
Stocks Mutual Funds Stocks Mutual Funds (572)
Structured Settlements Structured Settlements (42)
Taxes Taxes (237)
Wealth Building Wealth Building (317)


  Categories :
 
  Arts and Entertainment
  Automotive
  Business
  Communications
  Computers and Technology
  Finance
  Food and Drink
  Health and Fitness
  Home and Family
  Home Based Business
  Internet and Businesses Online
  Kids and Teens
  Legal
  News and Society
  Recreation and Sports
  Reference and Education
  Self Improvement
  Shopping and Product Reviews
  Travel and Leisure
  Womens Interests
  Writing and Speaking
  Random Category
  PR
  Book Marketing
  Parenting
Taxes article : The Coming Fair Tax Revolution
 

Finance > Taxes > The Coming Fair Tax Revolution

0 Reviews [ add review ], Article rating : 0.00, 0 votes. Author : Britt Gillette

Few people would expect a book about taxes to take The New York Times bestseller list by storm, but that's exactly what The Fair Tax Book has done. For decades, Americans from every point on the political spectrum have moaned about April 15th and the maze of ridiculous instructions and high confiscatory taxation that accompanies that day. The current tax code is a labyrinth of over nine million pages of indecipherable jargon only a federal bureaucrat could fully appreciate. So is there anything we can do about this monstrosity?

You bet. The Fair Tax Book, authored by Georgia Congressman John Linder and nationally syndicated talk radio host Neal Boortz, lays out a perfect case for why the current tax code should and can be replaced by a simple and easy to understand tax system that slashes the current nine million pages of red tape in favor of a 133-page gateway to prosperity.

The concept is simple. All current federal taxes - income taxes, medicare taxes, social security taxes, gasoline taxes, capital gains taxes, etc. - will be eliminated overnight. In their place, the federal government will levy a single 23% sales tax on all retail goods. Workers will finally get to take home 100% of their paychecks. Investors will finally be able to invest without having worry about the tax consequences. And April 15th will become just another ordinary day. Sounds simple right? Well, you'll probably have more than a few questions and concerns. But The Fair Tax Book performs a stellar job in addressing the most commonly asked questions. Questions such as the following:

If we do this, won't prices go up 23%? No. The elimination of all current federal taxes will also eliminate the embedded tax costs inherent in all products currently sold. Since the Fair Tax will only be applied to final retail products, and not the inputs used in the manufacture of those products, prices will drop an average of 22% across the economy. So prices will remain the same!

What about the poor, won't they get hammered by the Fair Tax? Absolutely not. In fact, the Fair Tax is the only tax reform bill before Congress that totally eliminates the tax burden of the poor. Under the Fair Tax, every American (from the richest among us to the poorest among us) will receive a monthly rebate check from the federal government that covers the cost of the 23% sales tax up the poverty level. So a check for approximately $450 will be deposited in everyone's bank account to cover the 23% tax on the basic necessities of life (such as food, gasoline, clothing, etc.)

You'll probably have more questions than can possibly be addressed in this short review, but I have no doubt they'll all be answered if you simply take the time to read The Fair Tax Book. Authors Neal Boortz and John Linder brilliantly lay out their case for tax reform in an easy to read format that's also quite entertaining. And with powerful and influential Americans such as Tom Delay, Alan Greenspan, and Sean Hannity all trumpeting their support for the Fair Tax, it seems certain to dominate the realm of political discourse in the months and years ahead.

Once you've read it, you'll probably agree that The Fair Tax Book is probably the most important book to hit the American political landscape since Uncle Tom's Cabin. The FairTax is simple and easy to understand. More importantly, it returns America to the original intent of the Founding Fathers by creating a system of voluntary taxation that unleashes the true potential of free individuals. The explosion in wealth creation certain to follow will fuel America's position as the world's leading superpower for decades to come and solidify our nation's future for our children and grandchildren.

As a result, The Fair Tax Book will probably launch a political revolution. With the 2006 mid-term elections on the horizon, take the time to educate yourself concerning The Fair Tax Act of 2005. You might well decide to become a minuteman in this modern day American tax revolt!

Britt Gillette is the author of The Dittohead's Guide To Adult Beverages (Regnery 2005). He also runs The DVD Report, a site showcasing his personal reviews of movies and TV shows currently released on DVD.


0 Reviews [ add review ], Article rating : 0.00, 0 votes. Author : Britt Gillette
Rate this story : and read/post review(s)


Article reviews



Post your review
[ Note : no HTML/URLs - will removed automatically ]
Your name
Your comments


More articles from Finance > Taxes

Add article | Manage Articles | Top Rated articles | Most Reviewed articles | Contact us | Links