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Friday 10 July 2015

OPINION: Toward an Equitable Tax System - Fox News

The time has come to replace this punitive tax system, which seeks to appropriate a portion of our income with a tax system that collects revenue on positive economic activity only. In that way, legislators would be less inclined to pass laws that inhibit economic growth or penalize success. Their actions would have a direct impact on the amount of revenues generated.

In July 1999, a conservative congressman from Georgia named John Linder introduced the FairTax proposal (HR 25).

In 2005, Linder joined with syndicated talk show host Neal Boortz to write "The FairTax Book: Saying Goodbye to the Income Tax and the IRS," which proposes that the current system be replaced by a single-rate personal consumption tax that would be collected only on purchases of new goods or services

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