The Fair Tax Book

Wouldn’t you love to abolish the IRS . . .Keep all the money in your paycheck . . .Pay taxes on what you spend, not what you earn . . .And eliminate all the fraud, hassle, and waste of our current system? Then the FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan-replacing the federal income tax and withholding system with a simple 23 percent retail sales tax. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than 600,000 taxpayers signing on in support of the plan. As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable—and equitable—tax collection system. Endorsed by scores of leading economists—and supported by a huge and growing grassroots movement—the FairTax Plan could revolutionize the way America pays for itself.

The must-read summary of Neal Boortz and John Linder's book: "The FairTax Book: Saying Goodbye to the Income Tax and the IRS". This complete summary of "The FairTax Book" by Neal Boortz and John Linder outlines their proposal for a new way of raising revenue in the US with FairTax, a flat-rate sales tax. They explain the concept of FairTax, how it differs from the current tax regime and how it could bring huge benefits by transforming the bureaucracy of the IRS. Added-value of this summary: • Save time • Understand taxation and consumer behaviour in the US • Expand your knowledge of global economics and politics To learn more, read "The FairTax Book" and discover how we can change the current tax system to bring better benefits for all.

The author of the #1 New York Times bestseller The FairTax Book offers a new look at the fast-growing populist tax reform movement that’s poised to become a key campaign issue for 2008 In 2005, firebrand radio talk show host Neal Boortz and Georgia congressman John Linder teamed up to create The FairTax Book, the first book devoted to the FairTax movement they had been promoting for years. Riding the growing groundswell of popular support for the tax reform measure, The FairTax Book became an overnight sensation. As the election season heats up, Boortz and Linder return to add fuel to the fire with this radical follow-up. Talking back to the critics who have grossly misrepresented the simple principles behind the tax reform measure—which would abolish the IRS and replace it with a 23 percent retail sales tax on all new goods and services—Boortz and Linder: • Debunk myths about the tax and answer critical charges—that it would bankrupt the economy, that it would leave poor people in the lurch, that the math doesn’t work • Offer new insights into aspects of the plan not originally covered • Show the American voter that there’s still hope of replacing our currently outdated, corrupt,and punitive income tax system with a simple plan that will revolutionize the way American pays for itself.

Everyone knows that the current tax system is unfair. Some of the richest people in America pay no tax, while a huge share of the tax burden falls on the rest of us. A mere glance at the tax code confirms that it is far too complex, with volumes of rules that no ordinary person could possibly comprehend. What is to be done? Some conservatives have called for a so-called flat tax. But a flat tax is not necessarily a simple tax, and "flat" means "more" for most taxpayers: a rise in middle-class taxes to finance tax cuts for the rich. Is there another choice? In clear, easy-to-understand language, Edward J. McCaffery proposes a straightforward and fair alternative. A "fair not flat" tax that is consistent and progressive would tax spending, not income and savings. And if it were collected at its lower levels through a national sales tax, most people would not have to file a return. A supplemental tax on spending for the wealthiest individuals would make the national sales tax progressive. Under McCaffery's system, a family of four would pay no tax on their first $20,000 in spending, and 15 percent on the next $60,000. Only the few families who spend more than $80,000 a year would be subject to the supplemental tax. Necessities would be taxed less than ordinary and luxury items. No one would be taxed directly on savings. The estate and gift or so-called death tax would be abolished, for the simple reason that dead people don't spend. The "fair not flat" tax would fall on heirs when and as they spend their good fortune. Perhaps best of all, most Americans would not have to fill out tax returns. Simpler, more efficient, fairer, and more reflective of America's current social values, McCaffery's "fair not flat" tax could help get us out of the tax mess that politicians and special interests have gotten us into, improving the whole country in the process. Read Fair Not Flat to find out how. “In Fair Not Flat, Mr. McCaffery lays out the case for a consumption tax. He does so in a reader-friendly way, presenting his argument with very few footnotes, equations or technical terms. The consumption of the book, so to speak, is not at all taxing. And its argument is well worth pondering.”—Bruce Bartlett, Wall Street Journal

Published by University of Toronto Press in cooperation with the Ontario Fair Tax Commission.

Keeping your job is job one. In recent years, the FairTax has gained a lot of attention, but for the vast majority of Americans, there's a sense that there's still too little unbiased information upon which to make an informed decision. The Pocket Idiot's Guide™ to the FairTax seeks to change that. In this book, readers get answers to all the questions they have about the FairTax, including: • What it is, how it's calculated, and who pays what • Comparisons with other tax systems • Economic and political effects of the FairTax • Common misconceptions • What supporters and opponents have to say • Moral issues associated with the FairTax • Author is a certified financial planner

The papers in this volume explore the idea of distributive justice and fairness in taxation. The collection begins with Head’s excellent presentation and analysis of equity in the public finance literature. The other authors, starting from this point, critique and amplify the concept from various philosophical perspectives and academic disciplines.