As we learned recently, the head of the Internal Revenue Service does not fill out his own income tax return. It is too complex.
There is a way to help this poor man. Abolish the income tax.
While we're at it, let's get rid of the payroll tax as well.
Replace them both with the Fair Tax.
This idea has been around for years. But now, with the nation groaning under debt and the current tax code so onerous that even the head of the IRS can't figure it out, it is an idea whose time has come.
Legions of accountants may have to be added to the millions already unemployed, but that is a small price to pay.
With the Fair Tax, there is no tax code, no tax return, no deductions from your paycheck. You keep what you earn. When you spend it, you pay the Fair Tax. Rebates make it progressive. Billions lost now on compliance costs and fraud are saved.
If you have questions, the answers are at the Fair Tax Web site.
Friday, February 12, 2010
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