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US399 - FairTax
| Replace income, payroll, self-employment, capital gains, death and gift taxes with a revenue-neutral national sales tax | |
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Description
Under FairTax (HR 25) of which I am a co-sponsor. Under this legislation, taxpayers and businesses wouldn’t pay corporate and individual income taxes, payroll taxes, self-employment taxes, capital gains taxes, death taxes and gift taxes. The FairTax would replace the previous list of taxes with a revenue-neutral national sales tax on all new products you buy. Business-to-business transactions and used products (which have already been taxed) would not be subject to the sales tax. Learn more about the FairTax here.
Source: akin.org
Source: akin.org
Arguments
I believe that a tax system where only half the people pay taxes creates incentives for one group to expand government at the expense of another. We need a system where more people would pay some taxes and, thus, have "skin in the game."
Source: akin.org
Source: akin.org
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