FAIR TAX FRIDAY--BUILD YOUR OWN TAX CODE!

Fri, January 14, 2011
The beauty of tax reform is that it starts with a belief everyone shares: The current system is horrible. Monstrously complex, unfair and inefficient, the code has fewer friends in Washington than Mahmoud Ahmadinejad. - Eric Schurenberg

Weekly Feature
As we speed toward tax day in April, let’s imagine ‘we the people’ could recommend a new tax code to Congress. Research shows Americans want their taxes to have certain characteristics. Would you pick any of these as your favorites? Join the conversation at www.facebook.com/fairtax.org.

Fairness:  Did you claim that loophole? Probably not because the tax code undergoes hundreds of changes every year including nearly 600 in 2010 alone. The IRS estimates that most tax evasion is done because people feel slighted by the tax code and this raises everyone’s tax rates by about $2,500!

- The FairTax treats you the same as the next guy. One flat sales tax rate above the poverty line on new goods and services for everyone.

Simplicity:  According to the IRS our current tax code now has 3.8 million words, which would fill 11,045 single-spaced pages! And if you were one of the 100 million calls to the IRS this year hopefully you weren’t the one in four calls they never even answered. Does anyone understand our tax code? Not many Americans because about 90% of use pay for tax assistance! It costs citizens and businesses about $300 million every year to figure out our taxes!

- The FairTax legislation is only 131 double spaced pages and it’s as easy as buying a candy bar now. 98% of Americans pay sales taxes with no professional help on April 15th – or any day.

Transparency:  Find your phone bill and look at all the extra fees and taxes. Don’t you wish you always knew when you were paying for tax costs? In fact your phone bill doesn’t even include corporate income and payroll taxes that are often embedded in product prices and passed on to you.

- The FairTax only taxes end consumption so everyone can see the cost of government. Prices no longer have taxes embedded in them and politicians have one less place to play tax games.

Pro-growth:  Have you ever got a raise and realized even more taxes would be sent to the government? This directly effects the economy as worker productivity falls with disillusionment. But as for the tax code itself, it takes individuals and businesses 6.1 billion hours to comply with tax requirements which the IRS estimates amounts to be more than 3 million full-time workers! That’s more Americans performing a necessary evil for the government than are employed by Walmart, IBM, and UPS combined! The tax code further harms our economy by penalizing products that are Made in America.

- With the FairTax you can work as hard as you want with no penalty; keep the fruits of your labors. Research shows that over the short and long term the FairTax increases personal income, GDP and even charitable giving. Fortune 500 companies were surveyed and upon passage of the FairTax, 400 would build new manufacturing plants in America and 100 would move their entire company to our shores!

Control:  Do you want to pay less to the government? Your choices now are to plan your financial life around the tax code and hire a good accountant or just make less money. Right now the government gets part of your paycheck before you even see it; hardly the American Dream.

- The FairTax is truly pay-as-you-go. If you’d like to save more – no taxes. If you chose to purchase used items or invest your money– no taxes. If you want a new ball glove or yacht – taxes.

FairTax in the News

A Vision of a New System – Daytona Beach News-Journal
This is to address the concerns and opinions about our country's economic woes and wasteful government spending. Imagine trillions of dollars in offshore deposits returning to the United States, with no income tax liability. Imagine being hired at a wage of $500 per week, or any amount, and on payday receiving a check for $500. Imagine foreign manufacturers now paying 50-70 percent of their incomes in corporate income taxes, moving here, setting up shop, hiring people and keeping what they earn. Imagine the tremendous job opportunities created by this influx of capital. These imagined scenarios can be real with the FairTax...
---Robert E Rennie, Deland, FL

Survey shows that companies would create jobs in US if Fair Tax was instituted – Examiner.com
It is no fallacy that regulations and draconian tax codes by the Federal government have pushed US companies to move overseas, and keep their revenues offshore. America's tax rate on corporations is one of the highest in the industrial world, even surpassing most socialist European countries.

So why would a corporation build, hire, and operate in the US under these rules? The short answer is, they wouldn't and they don't. NAFTA has made it easier for companies to not only operate overseas and with cheaper labor, but they also can keep their revenues offshore and away from the IRS. So much so that over $14 Trillion dollars is kept offshore, and that is a staggering amount of money that could be used as capital for hiring instead of doing what we have done over the past three years... borrow from China and accomplish nothing.

Fortunately, there appears to be a solution, and one that is a benefit to the American people, business, and even the Federal government. That solution is the Fair Tax...

Understanding the FairTax Webinar
With Special Topic: Why the FairTax is beneficial to low income borrowers
When:  Thursday, January 27, 2011
Time:  8 p.m. Eastern, 7 p.m. Central, 6 p.m. Mountain, 5 p.m. Pacific
Where:  At your personal computer wherever you are.
Why:  To provide an interactive forum for people who cannot get to local meetings to learn about the FairTax and to present special topics that are frequently misunderstood or not generally discussed. Education is our weapon and with elections over, we must concentrate on getting FairTax supporters to push our congressmen and U.S. Senators to co-sponsor our legislation.
Who:  Join Marc Manieri, Americans for Fair Taxation Community Coordinator in the Greater Orlando, Florida area. In their second year now, Marc’s webinars draw national participation from seasoned FairTax supporters as well as those just getting introduced to the FairTax.
Join: To participate, register here.  https://www2.gotomeeting.com/register/226872979

You will receive a confirmation email with instructions for signing in at the time of the webinar and be asked to download GoToWebinar software. For more information contact Larry Walters at repeal_16@earthlink.net.

Ways to Engage:

- Send Congress an e-fax
- Contact the media
- Stay updated and engage on Facebook
- Follow us on Twitter
- Find a local leader
- Get FairTax gear
- Send an e-card
- Control your taxes, calculate your rate
- Get FairTax graphics
- Understand the basics
- Fund grassroots efforts

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1-877-FAIRTAX (324-7829)
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Americans For Fair Taxation is a 501(c)(4) non-profit organization. One provision in the 65,000+ pages of the federal tax code makes investments in your non-profit FairTax organization non-deductible.    http://www.fairtax.org/