The FairTax book : saying goodbye to the income tax and the IRS
Paul Fullmer
The FairTax book : saying goodbye to the income tax and the IRS
by Neal Boortz & John Linder
New York : Regan Books, (2005)
ISBN 0060875410
Bill Tice highly recommends that every '55er read The Fair Tax Book by Neal Boortz and John Linder to get a different perspective on tax reform. I concur with his recommendation. It is eye-opening.
posted by Dan Healy @ 11:06 AM
1 Comments:
Leo Linbeck (ND '56) gave a presentation to our group on the Fair Tax a year or so ago. Leo was certain it would come up in that congressional session. It did not. It is going to take some real public support to get it debated in this session.
At Paul's recommendation I read the book. The book is "eye-opening", but I would like less talk-show chatter and more links to publicly available data that would support the numbers.
A detailed analysis by economist William G. Gale can be found at http://www.urban.org/UploadedPDF/1000785_Tax_Break_5-16-05.pdf. There Bill Gale suggests the tax rate would be from 36% to over 60%, depending on the assumptions, just to be revenue neutral. Doesn't that imply we are paying the equivalent of 36% to 60% sales tax in income and payroll taxes plus the overhead of income tax industry?
The IRS and the income tax industry is a real drag on the economy that should be fixed.
Dan Healy
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