The Fair Tax Act HR 25 in the House and S.122 in the Senate will directly effect your pocket book by increasing your income. Take a look at your latest paycheck, you see Gross Pay and Net Pay, under the Fair Tax Act you will receive Gross Pay. Gross Pay means more money in your pocket. When you take away the imbedded income taxes in everything you buy, prices drop 35% to 39.5%. You will also receive $100 a month. The Economy will jump over 8% and Unemployment will drop to under 4% closer to 2%.
Your home will increase in value too. We need to fund the government so there is a 23% retail sales tax which means prices fall 12% to 16.5%. When you add it all up it is a winfall for the poor.
Call your Representative and your Senators and ask them to cosponsor HR25 in the House and S.122 in the Senate. The best part of the Fair Tax Act is that it repeals the 16th Amendment.
The 16th Amendment authorizes the IRS to tax 100% of your paycheck. There is a lot of money stored overseas to avoid Income Tax and it will all come back home here, and money needs to be invested in business.
When businesses open, they need employees and that means more jobs.
You are likely asking, ‘Why don’t our lawmakers pass this great idea.’ The reason is that the Income Tax gives them power, and they don’t want to lose power to the people.
Learn more at www.fairtax.org and www.fairtax.org/nevada if you live in Nevada.