The FairTax Plan: How Can It Help You?

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Here is a nice little rundown of the FairTax plan and the benefits it provides to all sectors of society. Click through on the link to see the full rundown. Cameron Harris: The FairTax Plan: How Can It Help You?

The FairTax website describes the plan as "A system that allows you to keep your whole paycheck and only pay taxes on what you spend."


It goes on to explain the system in more detail:
The FairTax is a national sales tax that treats every person equally and allows American businesses to thrive, while generating the same tax revenue as the current four-million-word-plus word tax code. Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate. The FairTax rate after necessities is 23% and equal to the lowest current income tax bracket (15%) combined with employee payroll taxes (7.65%), both of which will be eliminated.

Click HERE to see the full rundown

 

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This system is a perfect plan for reducing consumer spending, paralyzing the economy AND creating a thriving BLACK MARKET, too.

Other than that, I think its real swell.