New Bill introduced will eliminate the IRS and replace federal income tax with a "Fair Tax" bill
(trendingpoliticsnews.com)
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Would reduce my income substantially.
Basically they are trying to paint a difficult picture with a four inch paint brush.
Go back and start again.
Their general idea is correct and long overdue they just need to operate with a scalple instead of a skill saw. The IRS needs to go but the purpose of that is to relieve Americans of their onerous tax burden. The country can be funded largely by tariffs which is what the founders envisioned and what Trump had well underway when the 2020 elcetion was stolen from him.
Are they going to tax stock purchases?
As written I will definitrly vote against this "Fair" Tax Plan or against enyone who supports it.
In my view it is confiscatory in much the same way that the present horror is.
What theybare trying to do is find a way to fund at our current levels. So they still want to fleece us.
Cutting government expenses needs to be first then they can find the sweet spot to pay for rhe minimum constitutional requirements and not a penny more. their operating budget legally should only be tariffs.
No it wouldn’t. Read up on it and you’d see why.