Tax Day Headache? Here's how to make tax day less taxing
By: Rep. Buddy Carter
Our current tax code is built on government control. It’s a convoluted, absurd system that punishes hard work. That’s why some 85% of Americans are frustrated by its complexity and only two-in-ten Americans say they trust the government in Washington to do what is right with their hard-earned money.
The current tax code is not working for Americans, and they are hungry for something that serves them. It’s time for a new system built on freedom. It’s time for the FairTax.
H.R. 25, the FairTax, would eliminate the federal income, payroll, and estate and gift taxes, replacing them with a revenue-neutral national 23% consumption tax. It would eliminate the need for the IRS. It would eliminate Tax Day. It would allow you to take home 100% of your paycheck, so that you control where your hard-earned dollars go.
The best part is that you don’t need a law degree or CPA license to understand it; for every $1 you pay for a new good or service, 23 cents will go to the federal government and 77 cents to the business. It's simple, fair, preferred, and reputable economists have acknowledged this proposal’s transparency and ability to produce growth...
There is no other serious proposal that would overhaul the largest and most regressive tax the majority of Americans pay, the payroll tax, while making the United States the most competitive place in the world to do business. FairTax checks every box and principle we have as Americans, regardless of what side of aisle you are on.
Simply put, this proposal will save taxpayers time, money, and headaches while incentivizing smart financial decision making and maintaining the tax revenue needed for the government to run smoothly. But there’s a larger conversation to have here that goes beyond numbers and bottom lines.
Our constitution begins with “We the People,” but our current tax code might as well begin with “We the Government.”
The FairTax provides freedom to choose when you pay your taxes and how much you spend. Instead of taking from every single dollar you earn, you’re only paying taxes on the money you spend, leaving more room for paying down debt, retirement, college, savings, and more...
The only people with something to lose are those who gained their power and money on the back of this convoluted, broken system. Let’s make this Tax Day our last.
Read my full Fox News op-ed here.
Read more about the FairTax here.
