"It is estimated that in 2002 individuals, businesses, and non-profits spend 5.8 billion hours complying with the tax code - an effort that cost an estimated $194 billion. Think about that number for a moment: 5.8 billion hours. If that average life expectancy for one individual is seventy-six years, then the 5.8 billion hours it takes to comply with our current tax code in just one year would equal the combined lifespan of 8,700 Americans. That ought to get a point across. It's as if we were throwing away the lives of 8,700 Americans every year just to make sure we have complied with the tax code. What an incredible waste of human potential."That was a quote from "The FairTax Book" written by Neal Boortz and Congressman John Linder. I have not been able to put this book down since I started reading it this weekend. Our current tax system is complicated let alone broken and inefficient. From the year 1955 to the year 2000 our current tax code has added over 1,600,000 words and is steadily increasing. We have a major situation that affects every working American. We have just accepted how much of our money the government takes "withholds" from us. 33% on average. 33 cents out of every dollar is a lot to me. Now, I'm not against government. I believe government can do great things, but I work very hard for my money and have a right to demand a change to our decrepit tax system.
Current tax solutions include: Raising taxes for "evil corporations". Is that really the way to go? Guess what? How many employees do those corporations employ? Where do you think that tax burden goes to... It trickles down the chain to who? You guessed it YOU! Many say, "tax the rich people. They can afford it." As it is the top 1% of income earners pay over 50% of all taxes but here's the question... Who are the rich? Yes, you have your lucky lottery winner and your inherited riches, but the fact is... Most of wealthy people are the business leaders who help create thousands of jobs for Americans. So go ahead put a larger tax burden on their personal wealth. What does that do? It prohibits them from putting more money back into their companies for future growth and development. But look at business on a lower level. Your small town business owner. Put a higher tax on them and you have just taken away two or three jobs from your local community.
The FairTax is not perfect, but it is a revolutionary way to fund our government and their programs more efficiently and put more money into your pocket and allow YOU to invest and increase your wealth. The FairTax is a replacement for - not an addition to - our current federal taxes.
Take some time and please read this book "The FairTax Book". The FairTax is bill number H.R. 25 in the House of Representatives and S 25 in the Senate. Keep your ears and eyes out for it. The FairTax plan started from a frustrated businessman spending too much time figuring out how to save on taxes instead of how to grow his business. FairTax has grown into a movement to change this nations tax structure as we know it. When this bill is passed... April 15th will become just another beautiful spring day.
Get involved. Read the book. Go onto www.fairtax.org and sign the petition to get this bill passed. George W. Bush has it in his hands right now. With your involvement and support it can become a reality.
