|
|
|
|
|
|
Find out what your state is doing to promote the FairTax:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Huntsville Times: Letter to the Editor
May 22, 2008 - http://www.al.com/huntsvilletimes/ -
For Fair Tax
In 2006, the Government Accountability Office found that ten percent of the companies contracting with the General Services Administration owed $1.4 billion in delinquent federal taxes while owners and managers owned million-dollar homes and luxury vehicles. A previous GAO investigation found that Pentagon contractors owed a total of $6.3 billion in delinquent taxes.
Ease of enforcement and reduction of fraud are two of the many advantages of the Fair Tax plan. The plan (HR 25 and S1025) abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.
The plan was developed by professional and university economists and accountants, not politicians, thus is nonpartisan. It is a complete replacement of 67,000 incomprehensible pages of convoluted tax codes with only 133 pages.
For detailed information, go to www.FairTax.com or read the book, "Fair Tax: The Truth." If you agree that this is the best solution for a tax code that is fair to all and will boost our economy, contact your elected officials and urge them to support the pending legislation.
There are currently 71 co-sponsors of HR 25, while 218 are needed to get it out of committee where it is stalled.
Bobby L. Austin
Huntsville, 35806
|
|
|
|
|
|
