Paul L. Caron
Dean


Saturday, August 27, 2005

The Fair Tax Book

The_fair_taxThe Fair Tax Book is ranked #1 on the New York Times Best Sellers List for the second week in a row.  Here is the publisher's description:

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% retail sales tax on new goods and services. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than six hundred thousand 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. Among other benefits, it will:

    • Make America's tax code truly voluntary, without reducing revenue
    • Replace today's indecipherable tax code with one simple sales tax
    • Protect lower-income Americans by covering the tax on basic necessities
    • Eliminate billions of dollars in embedded taxes we don't even know we're paying
    • Bring offshore corporate dollars back into the U.S. economy

For blogosphere commentary, see:

https://taxprof.typepad.com/taxprof_blog/2005/08/the_fair_tax_bo.html

Book Club | Permalink

TrackBack URL for this entry:

https://www.typepad.com/services/trackback/6a00d8341c4eab53ef00d83553903269e2

Listed below are links to weblogs that reference The Fair Tax Book: