Synopsis
The definitive book on the Fairtax and its potential to save the U.S. economy
In the century since it was created, the federal income tax—originally intended as a simple way to soak the rich for their "fair share"—has grown into a monster that threatens the well-being of average American citizens and business owners as well as the very foundations of our economy and our democracy.
But there's a better solution: the FairTax—a flat sales tax on all new goods and services. It is based on the idea that the federal government should stop taxing what goes into our economy—earnings, savings, and investments—and start taxing what comes out: consumption. The FairTax produces the same amount of revenue but encourages growth, reduces political corruption and loopholes, and creates a far healthier and more transparent relationship between Americans and their government.
Ken Hoagland, an expert on the FairTax and a leading participant in the FarTax campaign, now offers a clear and compelling explanation of this revolutionary idea. He shows that, if we do not take steps to dramatically reform the tax system, our country will continue on a downward spiral of irresponsible spending, lobbyist influence, and unequal citizen representation. he details the history of income tax collection in this country and exposes the day-to-day lobbying practices that have bloated the tax code to 67,000 pages of irrational regulations.
If you've ever shuddered as April 15 approaches-or who simply care about making the country better—you will be fascinated by Hoagland's research: You may even decide to join the grassroots movement that will make our nation healthier and stronger.