Required Reading for the Tax Revolution
FairTax would free
markets, individuals from income tax.
August 1, 2005
In The FairTax Book, Rep. John Linder (R-Ga.) and libertarian talk
radio host Neal Boortz offer a witty and straightforward explanation
of the political and economic consequences of making April 15 just
another day. Published by Regan Books, it hits bookstores this
week. And if tax reform is not a hot topic now, then give this
book a month on the New York Times bestseller list for things to
change.
The FairTax is a bold idea to replace the income tax
with a national sales tax. Whats so bold about it? Not only would
the FairTax get the IRS off the nations back, but it would
unshackle the economy to grow free of an achievement-punishing
income tax.
The FairTax is a 23 percent sales tax designed to be
revenue-neutral, meaning the tax would generate the same amount of
revenue as the old system. Why 23 percent? Because once the cost of
the income tax was phased out, prices on consumer goods would drop
by that amount.
The Business & Media Institute is pleased to present the
following excerpts from The FairTax Book. by Neal Boortz and John
Linder. All rights reserved. No part of this book may be used or
reproduced without written permission from HarperCollins Publishers,
10 East 53rd Street, New York, NY, 10022.
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