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The Fair Tax Bill is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national sell sales tax, a prebate to catch no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the override of the 16th Amendment (Neal Boortz and John Linder The FairTax Book).
It abolishes all federal personal and unified income taxes, gift, e separate, 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 FairTax taxes us only on what we ask to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our present-day(prenominal) tax system. It is not an addition to the current taxes that we pay straightaway; it is a...If you want to get a full essay, order it on our website: Ordercustompaper.com
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