This paper compares marginal and average tax rates on working and saving under our current federal tax system with those that would arise under a federal retail sales tax, specifically the FairTax. The FairTax would replace the personal income, corporate income, payroll, and estate and gift taxes with a 23...
Thank you for your recent coverage of the FairTax. The FairTax reformation would significantly reduce the hundreds of billions spent annually on tax compliance, would promote productivity no income or payroll taxes, would discourage excessive spending tax on services and new products, would untax the poor (no payroll taxes/refund of...
Spend a half hour with Thomas Wright and you begin to think you will find his picture in the dictionary, right next to the word "indefatigable." Wright is the national spokesman for the "FairTax," a clever name for the movement that would replace nearly all current federal...
Proponents of the FairTax say it's the most equitable way to tax people, based on the new goods and services they consume. And they say the way to do that is with a 23 percent national sales tax on those goods and services. They say the revenue...
A NEW poll says three-quarters of us think it's too easy for the very rich to get out of paying their fair taxes. Too right. Reminds me of the City fat-cat who admitted he paid less tax than his cleaner. That's not on - if we stopped the super-rich cheating...
With a number of complaints coming this year over increased property taxes, state legislators are wondering if Utah should move to a California-type Proposition 13 tax-constraint system. A legislative committee on Wednesday heard from experts and citizens on how Proposition 13, as it is known, has worked...
David Weigel calls the FairTax idea promoted by Mike Huckabee "glib" ("Whatever Happened to Tax Cuts ?," March). I believe the FairTax was the only idea Huckabee had going for him in the race. It is not just some passing thought that was thrown out for political reasons. The FairTax...
As a FairTax organizer in Oklahoma, I was disappointed in Mr. Rockwell's article called "The Great Tax Myth" (THE NEW AMERICAN, April 14, 2008). While I completely agree that a return to constitutional taxation is conceptually attractive, there isn't enough support for such a proposal. On the other hand, the...
[ILLUSTRATION OMITTED] Although tax season has come and gone once again, the various proposals for tax reform are still with us. These tax-reform plans, even though they appear outwardly to be quite different, have one thing in common that dooms them from being taken seriously by advocates of...
One of the bestselling books on economics today is The Fair Tax Book by Neal Boortz. The sole appeal of the book is that it promises to get rid of the IRS and the income tax. Of course, everyone hates the income-tax gatherers, and rightly so. The income tax is...
By Joel Slemrod and Jon Bakija. 2008. Cambridge, MA: MIT Press, Pp. 384, $22.95, paperback. Taxing Ourselves is a modern classic in tax economics. The new fourth edition is an extensive revision of this excellent and popular book. It now includes recent developments related to the Bush tax...
WASHINGTON -- Ambassador John Bruton, Head of the European Commission Delegation to the United States, issued the following statement today regarding the proposed expansion of the U.S. Dairy Promotion and Research Assessment to imported dairy products in the Farm Bill, currently pending before Congress. Under the program, the...
Faith Glasgow investigates how families can use trusts to reduce inheritance tax and pass more wealth down the generations. Faith Glasgow UK taxpayers resent inheritance tax more than any other, it seems. New research by accountancy firm MacIntyre Hudson has found...
With the wide public sympathy today for "cleaning up Washington," it's too bad that more attention hasn't been given to Mike Huckabee's Fair Tax proposal. There is no perfectly constructed tax, and this idea, like all, has its critics. But it also has huge benefits relevant to...
Byline: THE WASHINGTON TIMES In the Jan. 30 editorial "Taxes and candidates," there were inferences to fact that are not backed by the facts. Mike Huckabee's statements about the FairTax in the editorial are backed by the facts. Reading the FairTax Act and...
Byline: THE WASHINGTON TIMES No one is claiming that tax evasion will disappear under the FairTax, but the Wednesday editorial "Taxes and candidates" overlooks two prime characteristics of the proposal that will make evasion decline. First, the number of collection points under the...
Mr and Mrs Jones Arctic Systems Limited shared the profits of their family business to minimise their tax burden. The House of Lords even approved of their tax planning. But now the Revenue has pulled the plug on Mr and Mrs Jones, and others like them, by...
Is the fair tax fair? Many politicians are touting the fair tax as a replacement for the current income tax system. As I understand it, the fair tax would be a national sales tax applied only to retail purchases of new goods and services. It would completely replace the income...
MYRTLE BEACH, S.C. -- Republican presidential rivals backed a blend of tax and spend- ing cuts Thursday night to head off an election-year recession they generally agreed is avoidable. "We should reduce taxes on middle-income Americans immediately," former Massachusetts Gov. Mitt Romney...
MYRTLE BEACH, S.C. -- Republican presidential rivals backed a blend of tax and spend- ing cuts Thursday night to head off an election-year recession they generally agreed is avoidable. "We should reduce taxes on middle-income Americans immediately," former Massachusetts Gov. Mitt Romney...
Articles 2008-01-11
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