In the century since it was created, the federal income tax - originally intended as a simple way to soak the rich for their "fair share" - has grown into a monster that threatens the well-being of average American citizens and business owners as well as the very foundations of our economy and our democracy. But there's a better solution: the FairTax - a flat sales tax on all new goods and services. It is based on the idea that the federal government should stop taxing what goes into our economy - earnings, savings, and investments - and start taxing what comes out: consumption. The FairTax produces the same amount of revenue but encourages growth, reduces political corruption and loopholes, and creates a far healthier and more transparent relationship between Americans and their government. Ken Hoagland, an expert on the FairTax and a leading participant in the FairTax campaign, now offers a clear and compelling explanation of this revolutionary idea. He shows that, if we do not take steps to dramatically reform the tax system, our country will continue on a downward spiral of irresponsible spending, lobbyist influence, and unequal citizen representation. He details the history of income tax collection in this country and exposes the day-to-day lobbying practices that have bloated the tax code to 67,000 pages of irrational regulations. If you've ever shuddered as April 15 approaches - or simply care about making the country better - you will be fascinated by Hoagland's research: You may even decide to join the grassroots movement that will make our nation healthier and stronger.
|Business & Economics||Accounting|