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Health & Fitness

Reforming Our Tax System

A summary of the hidden truths about the so-called "Fair Tax" being proposed at both federal level and also in some States.

People are frustrated by America's tax system. This may well be the time that we the peope can make significant changes. 

The so-called "Fair Tax" has been proposed for years. As a retired "Wall St." tax lawyer/CPA,  I studied it extensively. Please find my 2 page Executive Summary pdf uploaded with this blog. 

The subject has come up again in that several States are considering a State version of th Fair Tax. While it is conceivable that a State Fair Tax might work, we must understand how the federal Fair Tax works in order to understand how it might affect the operation of a State fair Tax.

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One cannot understand how the federal Fair Tax works by listening to a few sales talks - it is a complete tax system with deep implications intended to replace the Individual and Cororate Income Taxes, the Payroll Taxes and the Estate & Gift tax (target revenue, about $2.3T)- my Executive Summary is a good place to start

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