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Here is a way to abolish the IRS and not ever be required to file another income tax return; or corporate return for that matter! Every dime you earn you would get paid; no taxes withheld. You absolutely have the power to make this a reality!

There is a tax bill before Congress right now that would abolish the IRS and eliminate income taxes, corporate taxes, death taxes, estate taxes, etc. It's known as the FairTax Act and I am here to tell you it is not only fair, it would definitely solve the United States' economic problems overnight. I want to start by saying that The FairTax is resisted by an extremely vocal few precisely because it will do what it promises in eliminating the IRS, the greater than $300 billion in tax return filing costs, and the blatant corruption of our current tax system. Here's a brief overview of what it is all about.

What is the FairTax?

It is a retail consumption tax that is paid when you purchase something new. It is a transparent tax: it means that the tax will be on your sales receipt in plain English so you can see it.

Right now you are paying the same taxes when you purchase something, but the taxes are buried in the cost of the item all along the manufacturing line from the raw materials to the packaged end product. These are called embedded taxes because they are hidden from your view. Under the FairTax Act, you would be paying the exact same price for a gallon of milk, but the gallon would have a lower shelf price and the tax would be added at the cash register and printed on your receipt.

Is the FairTax actually fair?

Absolutely. The FairTax is very fair. In fact, it is really much more fair than the income tax. You can control exactly how much tax you pay by deciding which items you are going to purchase. The rich buy more expensive items that other individuals. The FairTax taxes them on those purchases.

Illegal aliens and tourists, who currently pay no taxes, would be paying their fair share every time they purchase something. Someone who gets cash income and doesn't report it on an income tax return would now pay the consumption tax on that income at the cash register when they use it to buy something. Yes, our government would continue to get as much tax revenue as they do now, but the cost of running the government would be a lot less.

The FairTax will have a very positive effect onthe U.S. economy.

With the penalty for working harder and producing more removed, American businesses will experience a new era of economic growth and business expansion. Hidden taxes are history, Americans can save more, and companies invest more. The FairTax, as proposed, would bring U.S. companies back home because it would no longer be an advantage to have American companies in foreign countries paying low wages to workers for jobs that Americans should be doing here at home for a fair wage.

Workers will bring home exactlywhat they earn.

It would put more money in the pockets of every U.S. citizen by eliminating the income tax. There will be no withholdings from what you earn to pay federal taxes, Social Security or Medicare. If you earned $100 you would get paid $100. Businesses would no longer be saddled with paying added taxes on employee wages for Social Security/Medicare.

The FairTax has a positive effect on Social Security/Medicare.

Under the FairTax Act there would be plenty of money available for both these programs. Like all federal spending programs, Social Security would operate exactly as it does today, with the exception that its funds will come from a consumption tax, instead of a payroll tax.

Employers would continue to send in reports of the wages they pay to individual employees to the Social Security Administration only for the determination of benefits. The move to a reformed Social Security system is eased while ensuring there is sufficient funding to continue paying promised benefits.

The FairTax shields low-income and lower-middle-income families and individuals.

Under the FairTax Plan, poor people pay zero net FairTax up to the poverty level! Every citizen or household receives a prebate check each month that is equal to the FairTax paid on crucial goods and services [groceries and medicine], and every wage earner is no longer subject to the most oppressive tax of all, payroll taxes.

The FairTax takes careof senior citizens.

Seniors do very well under the FairTax. Low-income seniors get better benefits under the FairTax than underour current income tax system. There are some who mistakenly believe that people who live exclusively on Social Security pay no taxes. They might not know it, but they are paying hidden corporate income taxes and employer payroll taxes whenever they purchase something. Under the FairTax, seniors pay $0.23 out of every dollar they choose to spend on new products. Plus, seniors, like everyone else, will receive the monthly prebate check, in advance of making the purchases, for taxes paid on the cost of necessities.

Yes, The FairTax CAN really be passed into law! The FairTax has taken it upon itself to build a grassroots movement and grassroots alliances to support the effort. However, this will only happen when the American people rally behind the effort, throw off the yoke of income tax slavery, and demand that their congressional representatives correct 90 years of wrongs done by the income tax.

What you can do RIGHT NOW to ensure this bill gets passed.

First, sign the FairTax on-line petition at the FairTax.org website to let Congress and the President know that you want this bill passed into law. While you are on the website, look at the congressional scorecard to find out whether your state congressional representatives support this bill. If they are not a supporter or co-sponsor, send them a letter and demand they vote for this bill and that you will be watching this scorecard to see how they stand come election time.

Second, read The FairTax Book: Saying Goodbye to the Income Tax and the IRS by Neal Boortz and Congressman John Linder. You need to understand what this bill actually says. The book is not difficult to understand. Then pass it on to a friend to read and ask them to pass it on, too.

Sandra Simmons, President of Money Management Solutions, has years of experience helping professionals and individuals manage their income to achieve financial freedom. To find out about the Money Management Software she created, visit her website and watch the FREE 5-minute demo video at www.MoneyMgmtSolutions.com