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FAIRTAX BASICS Gain a basic understanding of the FairTax. RESEARCH PAPERS Learn about the impact FairTax could have on Agriculture, Seniors, Real Estate and more. FAQ Here we have compiled a detailed list of questions and answers about the FairTax. ASK THE EXPERT Still have a question about the FairTax? Here are answers to questions submitted to FairTax and a form to submit questions not already answered on the web site.

What is the FairTax plan?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax  administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, 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.

The FairTax:
• Abolishes the IRS
• Closes all loopholes and brings fairness to taxation
• Ensures Social Security and Medicare funding
• Brings transparency and accountability to tax policy
• Allows American products to compete fairly
• Reimburses the tax on purchases of basic necessities
• Enables retirees to keep their entire pension
• Enables workers to keep their entire paycheck

We offer a library of information throughout this Web site about the features and benefits of the FairTax plan. Please explore!