By: Kurt Thoss

Kurt Thoss — Thu, 25 Feb 2010 18:49:42 +0000

The Times article (Part 1) by Ms. Johnson about the recent “Tea Party” in Rockford omits mention of the presentation on the FairTax. The FairTax (H.R. 25)is proposed legislation now in congressional and senate committees that will create a federal uniform sales tax to replace our present confusing and confiscatory federal Income Tax.
The FairTax (H.R.25) is non-partisan legislation replacing all federal income and payroll taxes with an integrated approach including a progressive retail sales tax, a rebate to ensure no American pays federal taxes up to the poverty level, dollar-for-dollar revenue neutrality, and the repeal of the 16th Amendment. It will abolish all federal personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replace them with one simple, visible, federal retail sales tax.
The FairTax will tax us only on what we choose to spend, not on what we earn. The FairTax is a fair, efficient, transparent and intelligent solution to the frustration and inequity of our current tax system. No withholding, so we get to keep our entire paychecks! Readers will find more about the FairTax at http://www.fairtax.org.

Comments on: Tea Party Town Hall—a challenge to citizens—part 1

By: Kurt Thoss