The Fair Tax has made waves in Washington, but there aren't many people talking about it as an alternative to the Income Tax. Instead, many people are talking about Tax Cuts, Tax Reform or the Flat Tax. This book gives you all the reasons why we should turn away from the Income Tax and toward a consumption tax, namely the Fair Tax. I go through some of the points in the book in the video below, but you have to read it for yourself! Check out my video and then let me know what you think once you read the book!
In reality, most of the "cuts" in the senate bill are just accounting maneuvers to keep everything budget neutral. There are a couple important questions to ask about this bill. What does this do to actually reduce the percentage of income that goes to taxes? Where are these tax dollars going? Will the spending and budget reflect the lowered tax rate, or will it simply continue?