21
edits
Changes
→Proposal: A bill can not repeal the 16th Amendment, only another Amendment can
* Abolish the [[Internal Revenue Service]] (IRS).
* Abolish the [[Internal Revenue Service]] (IRS).
* Abolish personal [[income tax]]es.
* Abolish personal [[income tax]]es.
* Repeal the [[16th Amendment]].
* Calls for the repeal the [[16th Amendment]].
* Provide each worker a monthly prebate, equal to the tax on "poverty level" income. <ref> Just how fair is the ‘Fair Tax’ CNN Money, September 2005, http://money.cnn.com/2005/09/06/pf/taxes/consumptiontax_0510/</ref>
* Provide each worker a monthly prebate, equal to the tax on "poverty level" income. <ref> Just how fair is the ‘Fair Tax’ CNN Money, September 2005, http://money.cnn.com/2005/09/06/pf/taxes/consumptiontax_0510/</ref>
* Close many loopholes under the current system.
* Close many loopholes under the current system.
* Enable retirees to receive their full pension, untaxed, until they spend it.
* Enable retirees to receive their full pension, untaxed, until they spend it.
* Enable workers to keep their entire paycheck, untaxed, until they spend it.<br />
* Enable workers to keep their entire paycheck, untaxed, until they spend it.<br />
* Proponents believe the removal of the above will save 265 billion dollars a year in compliance costs under the current tax system.<ref>http://www.fairtax.org/site/PageServer?pagename=about_fairtax_four#neutral</ref> and be more practical than the current system, which includes over 60,000 pages of tax code.<ref> 67,204-Page Code Confounds Taxpayers, Yet Congress Sits By, USA Today, http://www.usatoday.com/news/opinion/2007-04-03-edit_N.htm?csp=34 </ref>
* Proponents believe the removal of the above will save 265 billion dollars a year in compliance costs under the current tax system.<ref>http://www.fairtax.org/site/PageServer?pagename=about_fairtax_four#neutral</ref> and be more practical than the current system, which includes over 60,000 pages of tax code.<ref> 67,204-Page Code Confounds Taxpayers, Yet Congress Sits By, USA Today, http://www.usatoday.com/news/opinion/2007-04-03-edit_N.htm?csp=34 </ref>
==History==
==History==