Chairman's Report: Recent Episodes
The FAIRtax Guys
Weekly update on issues pertaining to the passage of the FAIRtax, HR 25. Exploring a new topic every week.
Wealthy Americans have a variety of ways to legally reduce their income tax liability. One of the most successful is to borrow against capital assets since a loan is not considered income and is not taxed. The FAIRtax would close that loophole and render the "Buy, Borrow, Die" strategy ineffective.
States all around the country are waking up to the fact that an income tax is bad for their economy. Several have already moved to eliminate their state income tax. But there's a trap awaiting those who simply replace income tax revenue with a higher sales tax. AFFT president Steve Hayes lays it all out in this week's Chairman's Report.
Pollster Frank Luntz has uncovered a troubling picture of America. People think the economic system is unfair. They're falling behind financially, and many are calling for more socialism and less capitalism. There's an answer to these problems that's been hiding in plain sight since 1999. It's the FAIRtax.
This week's Chairman's Report is a reprint of an article written by Professor John Cochrane looking back at Adam Smith's work, "Wealth of Nations".
Amazon founder Jeff Bezos is proposing that the bottom half of American taxpayers pay zero income tax. Sounds interesting, but its effect would be minimal. The real problem for low income earners are the federal payroll taxes that eat up 7.65% of every dollar a worker earns. Bezos' plan leaves those taxes in place. The real answer is to eliminate both income and payroll taxes for all taxpayers. The real answer is the FAIRtax.
This week, guest author Jade Walle looks at the psychology of taxes regarding illegal evasion and shows how the FAIRtax can all but eliminate it by cutting off one of the three legs of the fraud triangle.
In this week's Chairman's Report, guest author Jade Walle makes the case that income and property taxes are the worst taxes we endure. Consumption taxes like the FAIRtax are much better because they don't directly confiscate the fruits of our labor.
Inflation is sometimes described as a "too many dollars chasing too few goods". While that's an oversimplification of a complex situation, it's basically a sound description. This week, Steve Hayes examines how the FAIRtax could help reduce inflation by making it easier for the economy to produce more goods.
In a nutshell, ethics is the study of right and wrong. There are ethical principles that should guide human behavior to be right, fair, honest and responsible. In this week's Chairman's Report, Steve Hayes applies ethical principles to taxation and finds that the FAIRtax is vastly superior ethically to the income tax.
This week, guest writer Jade Walle follows up on last week's Chairman's Report about how the income tax system is a major contributor to class warfare in America. This week, Jade explains how the FAIRtax will bring about a dramatic reduction in tax-based class warfare.
This week's Chairman's Report is guest written by CPA and AFFT board member Jade Walle. He explains how the corporate income tax is a quite modest contributor to the federal budget, but is an enormous contributor to class warfare in America.
By definition, the FAIRtax is a federal excise tax. In this week's Chairman's Report, AFFT president Steve Hayes recalls both the historical and current uses of excise taxes as a revenue source.
Some people may be surprised to learn that the FAIRtax will apply to purchases made by government entities. While that may seem strange to some, there's actually a good reason for it. AFFT president Steve Hayes explains in this week's Chairman's Report.
The alarm bells have been going off for decades--Social Security is not bringing in enough money to pay the benefits it has promised to American retirees. It sounds like the solution will be painful, but in fact, there's an effective and painless solution for Social Security's financial problems. That solution is the FAIRtax.
The income tax works against a homebuyer's desire to purchase a new home. The FAIRtax makes homebuying easier. Check out the details in this week's Chairman's Report.
Two Democrat Senators, Chris Van Hollen and Cory Booker, have introduced new tax plans to cut taxes for lower and middle income taxpayers, and raise them on high income taxpayers and corporations. Sounds good on the surface, but there are serious problems with both plans. Steve Hayes offers his analysis in this week's Chairman's Report.
President Trump has said repeatedly that he wants to replace the federal income tax with tariffs. But did you know that reducing high tariffs was one of the driving forces behind implementing the income tax? It's a fascinating story. Hear it all in this week's Chairman's Report.
The Missouri House has passed a proposed constitutional amendment aimed at eventually eliminating the state's income tax by expanding its sales tax. They rightfully see the income tax as a disincentive for people and businesses to move to Missouri. Check it all out in this week's Chairman's Report.
Washington insiders are adamant in their position that it's simply not possible to replace the federal income tax system. However, this week's Chairman's Report draws attention to the many benefits of replacing our antiquated income tax system with the FAIRtax.
People like getting a break on their taxes, but the Treasury loses over $2 trillion a year buying people's loyalty with tax breaks. The politicians know that people who get a break on their taxes are less likely to join the chorus calling for the income tax system to be eliminated. Get the full scoop in this week's Chairman's Report.
Social media influencers have to pay taxes on their income the same as any other small business owner. But figuring out what expenses rise to the level of being legitimate business expenses isn't so clear. Steve Hayes explains in this week's Chairman's Report.
The FAIRtax would be a godsend for the individual taxpayer. No more withholding, no more payroll taxes, no more tax returns, no more IRS and a tax refund every month. But for those making their living off the income tax system, the FAIRtax would require some lifestyle adjustments. Check it all out in this week's Chairman's Report.
Recent reports have confirmed what many Americans already suspected--that the income tax system is rigged in favor of the wealthiest Americans. Check out the details in this week's AFFT Chairman's Report.
The Council of Economic Advisors is one of the most prestigious appointments a practicing economist can achieve. Several Nobel Prize winners have chaired the council. Recently, the CEA released a study on the effects of eliminating state income taxes. Not surprisingly, they found that replacing income taxes with consumption taxes would have a myriad of positive effects. Check out the details in this week's Chairman's Report.
The same tax can actually have several different rates depending on the calculation method used. Knowing which rate you're dealing with is essential to making accurate comparisons between the income tax and the FAIRtax. Steve Hayes breaks it all down in this week's Chairman's Report.
If you think that the tax you see added to your subtotal on any retail receipt is the total amount of tax you're paying on that purchase, you're dead wrong. This week, AFFT president Steve Hayes explains how federal taxes that you don't see on your receipt make everything you buy significantly more expensive.
Over 170 countries around the world have adopted the value added tax (VAT) as their primary revenue source. With President Trump looking to abolish the income tax, many in Congress are looking at a VAT as its replacement. While it may sound good in theory, there are some serious problems with a VAT. AFFT president Steve Hayes lays it all out in this week's Chairman's Report.
Some in Washington are looking at a Financial Transaction Tax (FTT) as a quick and easy way to generate a lot of revenue for the government. Unfortunately, there is a critical error in their thinking. AFFT president Steve Hayes breaks it all down in this week's Chairman's Report.
With President Trump on record as wanting to abolish the income tax, alternative methods of raising revenue are receiving unprecedented attention. This week, AFFT president Steve Hayes looks at an article published in USA Today detailing the difference between a consumption tax and an income tax.
It's been a well established fact for a long time that Social Security is going broke. In just a few years, there won't be enough money to pay Social Security recipients their full benefits. Politicians have been putting off fixing the problem for decades because they didn't want to make the hard choices. Well now, there's an easy and painless solution. Pass the FAIRtax.
This week's Chairman's Report is guest written by former Congressman John Linder who was the primary sponsor of the FAIRtax from its introduction until he retired. In it, he makes a compelling case why President Trump should add passing the FAIRtax to his long list of accomplishments.
This week's Chairman's Report is guest written by FAIRtax Guy Bob Paxton, co-host of FAIRtax Power Radio. It reveals the not so surprising results when artificial intelligence applications were asked to choose between the income tax and the FAIRtax.
Trillions of US dollars are hiding offshore in foreign tax havens costing the Treasury billions in tax revenue. This week's Chairman's Report looks at what will happen when the FAIRtax turns the United States into the world's premier tax haven.
There are a large number of positive features in the FAIRtax. It's amazingly simple, it gets rid of the IRS, it abolishes tax returns forever and it gives people a tax refund every month. However, of all the great things the FAIRtax does, 59% of people in a June 2025 poll said the best thing about the FAIRtax is that it lets people keep their entire paychecks without any federal withholding. This week, guest author Jade Walle tries to find out why.
William of Occam was a 14th century philosopher and theologian. His famous "Occam's Razor" principle states that simple solutions are likely to be better than complex ones. In this week's Chairman's Report, guest author Jade Walle applies this principle to the collection of federal taxes and comes to a simple yet powerful conclusion.
There's a nasty little provision in the Internal Revenue Code that incentivizes employers to hire foreign students over American citizens. Senator Cotton of Arkansas has introduced a bill to fix this particular problem, but there are thousands more lurking deep in the Internal Revenue Code. The only real fix? Pass the FAIRtax.
Senator Tom Cotton of Arkansas has introduced a bill designed to ensure that taxpayers aren't subjected to unjust or overly harsh penalties. That's a positive step, but it's really just more lipstick on a really ugly pig. There's only one way to guarantee that American taxpayers won't be abused by the IRS, and that's to get rid of the IRS by replacing the income tax with the FAIRtax.
There's a nasty mischaracterization of the FAIRtax going around that claims it will result in massive price hikes that people can't afford. This week, guest writer Jade Walle looks at what will actually happen to prices when the FAIRtax takes effect.
No tax on tips is a simple promise President Trump made repeatedly on the campaign trail. Unfortunately, after Congress got through with it, it was anything but simple.
CPA Jade Walle guest writes this week's Chairman's Report. In it, he looks back at Charlie Kirk's tremendous impact on young people and discovers why America's youth are ripe to embrace the FAIRtax.
A recent Pew Research poll reveals something most Americans already know--of all the federal agencies, the IRS is the one that the American people like the least.
In this week's Chairman's Report, AFFT president Steve Hayes looks at some staggering figures uncovered by the Tax Foundation regarding how much the federal income tax system really costs the American people in both time and money.
The DC Elites will tell us that we're better off leaving economic decisions to them because we ordinary people lack the intellectual horsepower to understand basic economics. This week's Chairman's Report shows just how wrong they are.
Sometimes even people who think that the FAIRtax is a great idea are somewhat discomforted by the fact that the FAIRtax has no proven track record of being successful. What people may not know, is that two of the biggest economies in the world thrive on a taxation system similar to the FAIRtax.
In this week's Chairman's Report, guest author Jade Walle explains how rental property owners would fare under the FAIRtax vs. the current income tax system.
Monday is Labor Day, a federal holiday established to honor the importance of labor and workers in our society. While those in Congress say they honor labor, they continue to prop up a failed tax system that is actually working against us as we try to turn our labor into the things our families want and need.
Adam Smith is often recognized as the father of modern economics. One passage from his "The Wealth of Nations" is often quoted as proof that Smith favored a progressive income tax. However, that claim doesn't hold up under closer examination. What Smith actually favors is proportional taxation. And that's exactly what the FAIRtax delivers.
Again, this week's Chariman's Report is guest written by CPA Jade Walle. In it, he looks at how the FAIRtax will impact sole proprietorships and other extremely small businesses.
President Trump's Big Beautiful Bill did make some positive changes to the income tax system. However, the question remains, which is better for business, the new, improved income tax system, or the FAIRtax? Guest author Jade Walle takes a look and comes to a solid conclusion. The FAIRtax is still the clear winner.
By the time the Big Beautiful Bill made it through Congress, President Trump got a lot less than he promised when he said that he was going to eliminate income taxes on Social Security, tips and overtime. But there's still a way to do all that and more. Pass the FAIRtax.
The Big Beautiful Bill contains $175 billion in spending for border security. This week, guest writer Jade Walle explains how the FAIRtax would enhance border security without the need to spend billions more.
We heard a lot about reconciliation when Congress was working on passing the Big Beautiful Bill. But how would the FAIRtax advance in the Senate if it were passed by the House? Guest writer Jade Walle has a surprising answer in this week's Chairman's Report.
This week's Chairman's Report is guest written by Rich Germaine. In it, Rich analyzes a recent poll on voter opinions about taxation and the current tax system. It's really good news for the FAIRtax.
The FAIRtax provides American taxpayers with two critical and interdependent aspects of liberty--freedom from and freedom to. Check it all out in this week's Chariman's Report.
With President Trump's Big, Beautiful Bill working its way through Congress, guest author Jade Walle shows how the FAIRtax is really much bigger and much more beautiful when it comes to meeting the three factors that economists agree are vital for promoting economic growth.
With no fanfare and very little public notice, the Biden administration gave the IRS some rather frightening powers that are still being used even though Joe Biden is no longer in the White House. Check it all out in this week's Chairman's Report.
This week, guest author Jade Walle points out that anyone who studies politics and knows what the two parties believe in and stand for would be shocked to learn that Democrats are not supporting the FAIRtax in droves. That's because the FAIRtax checks so many of the Democrat boxes.
Pope Leo XIV is the first American citizen to hold that office, but the IRS could be brewing up some trouble for him. That's because the United States is the only developed country in the world that taxes its citizens who live outside its boundaries. See what kind of traps the newly elected Pope could fall into in this week's Chairman's Report.
The old axiom says that we get less of what we tax. This week, guest author Jade Walle shows that that's not necessarily true when it comes to the effect the FAIRtax will have on the US economy.
Like the scorpion who stings the turtle in the famous fable, the IRS continues to do things that chip away at what little support they currently have with the American people. Case is point is how the IRS is now aggressively pursuing people who make money online.
Our nation is over $35 trillion in debt. It's clear that our politicians are addicted to spending more than they take in. In this week's Chairman's Report, guest writer Jade Walle explains how the FAIRtax would help rein in our government's runaway spending.
In addition to the actual taxes collected, the income/payroll tax system imposes an almost unimaginable additional burden on American taxpayers. This week, AFFT president Steve Hayes highlights a Tax Foundation study that shows how bad the current tax system really is.
This week's Chairman's Report is guest written by Bob Paxton. In it, he looks at the recent legislation aimed at getting rid of the state income tax in Mississippi. While that sounds like a good thing, all is not as it seems.
This week's Chairman's Report is guest written by CPA Jade Walle. Jade reviews a rather unconventional book on financial planning and observes that none of the author's recommendations would be needed if the FAIRtax was the law of the land.
This week's Chairman's Report is written by Tony Urbanek. Tony is a Tennessee resident and a member of the AFFT Board of Directors. He proudly reports that Tennessee has passed Resolution HJR 17 urging the President and Congress to pass HR 25, the FAIRtax.
This week's Chairman's Report is written by Jade Walle, a practicing CPA and one time member of the AFFT Board of Directors. He notes that the IRS modernization project is in year 35 of a five-year plan--and it's still five years away. Fortunately, there's a solution to modernizing America's tax system. Pass the FAIRtax.
This week's Chairman's Report is guest written by Dr. David Kendall, a professor of economics and finance at the University of Virginia's College at Wise. In it, Professor Kendall makes a compelling case against the income tax from a moral point of view.
This week's Chairman's Report is guest written by Jade Walle. In it, he explores how senior citizens will fare under the FAIRtax as compared to the current income tax. Spoiler alert--the FAIRtax wins.
American taxpayers know that there are significant costs associated with the income tax above and beyond one's tax liability. In this week's Chairman's Report, AFFT president Steve Hayes shares an article written by Professor Glenn Harlan Reynolds that details just how expensive the income tax system really is.
Over the years, the federal government has spent billions of dollars on environmental causes. Like the Solyndra debacle, most of those dollars have been wasted. In this week's Chairman's Report, guest author Jade Walle shows us a better way--the FAIRtax.
Remember Charles Littlejohn? He's the IRS contractor who stole and leaked confidential income tax data. It turns out that the leak involved a lot more people than originally thought. Want to stop something like that from ever happening again. There's only one way. Replace the income tax with the FAIRtax.
DOGE is finding billions of dollars of government waste, but for people to fully support cutting it, they must be able to see how cutting waste directly benefits them. This week, AFFT president Steve Hayes shows how the FAIRtax will help people see a direct benefit from cutting government waste and in the process, help balance the federal budget.
In just a few short weeks the Department of Government Efficiency has uncovered billions of dollars of government waste. This has left thousands of people wondering how such a thing could happen. Charley Reese, a columnist with the Orlando Sentinel published the answer in 1995. This week, AFFT president Steve Hayes shares that column.
Democracy and bureaucracy are two entirely different things with regard to our government. In this week's Chairman's Report, guest author Jade Walle takes a look at which side the income tax and the FAIRtax fall on.
Government elites in countries all around the world have used various methods of controlling their populations, but their goal has always been the same--to protect their own positions of power. In this week's Chairman's Report, AFFT president Steve Hayes draws a striking comparison between the German elites who used the Berlin Wall to control their population and the DC elites who do the same to American citizens using the income tax and the IRS.
This week's Chairman's Report presents an article authored by Roger Buchholtz. Roger is a successful businessman and ardent FAIRtax advocate.
Is asking Congress to pass the FAIRtax a bridge too far? Not necessarily. See why in this week's Chairman's Report guest written by economics professor Dr. David Kendall.
Alexander Hamilton published Federalist Paper 21 in December of 1787. This week, AFFT president Steve Hayes looks at the parts of that paper that are still relevant to what taxation should look like today.
Most people don't think about it, but the cost of complying with the myriad of federal regulations that touch just about every aspect of our lives is staggering. AFFT president Steve Hayes looks at some of them in this week's Chairman's Report.
President Trump has indicated that he is serious about shaking up the Washington establishment that has ruled for as long as any of us can remember. His second term is going to be anything but business as usual in the nation's capital. This gives us the best opportunity we've ever had to abolish the income tax that the establishment has used as a cash cow for decades. Now is the time to mobilize and let your representatives know that you want the FAIRtax.
Will the American people support abolishing the income tax and the IRS even when the tax agency isn't causing them an immediate problem? AFFT president Steve Hayes thinks they will and offers proof in this week's Chairman's Report.
The FAIRtax deals exclusively with collecting revenue, not government spending. Still, AFFT vice president Randy Fischer shows how enacting the FAIRtax would encourage a reduction in federal spending and help bring our burgeoning national debt under control.
Donald Trump is on record saying he wants to abolish the income tax and instead, fund the government largely with tariffs. This week, AFFT president Steve Hayes takes a look at an article by economist Peter St. Onge that explores what would happen if President Trump does indeed get rid of the income tax.
Believe it or not, an author from the 5th century BC is showing us the way to pass the FAIRtax. According to Sun Tzu, knowing your enemy as well as knowing yourself is the key to victory in any conflict or competition. The FAIRtax has many opponents, but they're not a monolithic group. Each has their own reasons to be concerned about replacing the income tax with the FAIRtax. AFFT president Steve Hayes shows us how to achieve victory in our fight for the FAIRtax by applying Tzu's basic principle.
Passing the FAIRtax will require having a President who is willing to lead the charge. We have one in President Trump. While he hasn't fully embraced the FAIRtax yet, Mr. Trump has indicated that he would like to eliminate the income tax. The Trump Presidency represents a chance to pass the FAIRtax that might not come again in our lifetime. Let's be sure we make the most of it.
Mark Cuban is convinced that Kamala Harris will not impose a tax on unrealized gains if she is elected President. However, Ms. Harris has not backed off from her previously stated position of favoring a "billionaire minimum tax" that would indeed include taxing unrealized capital gains. Of course, there's no guarantee that she could get such a tax through Congress. Still, we have a choice between two candidates with very different ideas on taxation. So, choose wisely when you vote.
You hear the same old rhetoric every election cycle. "The rich aren't paying their fair share of taxes". A recent article in Forbes by John Goodman challenges this notion by asking questions no one in the media seems willing to ask. Goodman illustrates just how broken our income tax system is and AFFT president Steve Hayes provides the solution--the FAIRtax.
Nathan Lewis recently wrote an article for Forbes supporting Donald Trump's idea to replace the income tax with a value added tax. While replacing the income tax is a good idea, the value added tax is not. AFFT president Steve Hayes explains why in this week's Chairman's Report.
"We need to raise corporate taxes and make these rich corporations pay their fair share." That may be good political rhetoric in some circles, but economically, it's a terrible idea. This week, AFFT president Steve Hayes looks at an article written by Congresswoman Carol Miller about the effect of corporate taxes on the economy.
Polls are often inaccurate because some people don't share their true thoughts and feelings. They'll say what they think society expects of them in public, while holding a different opinion in private. This week, Steve Hayes explores what this "social pressure index" means for the FAIRtax.
It seems that every election cycles, the politicians roll out their latest ideas for fixing the tax system. Unfortunately, all these ideas are based on the faulty premise that we're stuck with the current income-payroll tax system.
This week, guest writer Randy Fischer looks at four of President Trump's tax proposals and shows how the FAIRtax takes these good ideas and does it better.
Immigration has been a hotly debated and bitterly divisive issue in this country. This week, AFFT president Steve Hayes explains how passing the FAIRtax will force Congress to tackle the issue and implement a sane immigration policy.
Ideally, a fair tax system would be used solely to raise the revenue the government needs to operate. Unfortunately, our politicians have used it for a number of other purposes. The FAIRtax would bring our system of taxation back to basics.
AFFT president Steve Hayes recognizes Labor Day and pays tribute to the contributions that working people have made to this country.
The income tax robs us of our hard earned money. This week, AFFT board member Randy Fischer explains why a consumption tax that we would pay at our own discretion would be a much better system.
Senators John Barrasso (R-WY) and Mike Crapo (R-ID) have sent a letter to IRS Commissioner Danny Werfel demanding to know where the IRS got the authority to establish a Direct File tax preparation program. AFFT president explains why this is a bad idea in this week's Chairman's Report.
The emperor in Hans Christian Andersen's famous fairy tale actually has a lot in common with the elite Washington establishment. AFFT president Steve Hayes explains the connection in this week's Chairman's Report.
You would think that the last place you would find tax cheats would be at the IRS. You would be wrong. This week's Chairman's Report exposes the shocking number of tax cheats who work for the IRS, and highlights one Senator's efforts to clean up the problem.
The Internal Revenue Code is incredibly complex and comes with a boatload of nasty problems. In this week's Chairman's Report, AFFT president Steve Hayes details seven particularly troublesome problems with the current tax system and explains how the FAIRtax solves them all.
Donald Trump has proposed getting rid of the income tax and replacing that revenue with tariffs on imported products. AFFT president Steve Hayes explains why that's the wrong way to do it and why the FAIRtax is a much better solution.
This week's Chairman's Report is guest written by AFFT Advisory Board member Chad Hagan. In it, he looks at Arkansas governor Sarah Sanders' efforts to replace that state's income tax with a state level FAIRtax.
A recent Supreme Court decision held that it is constitutional to tax the unrealized earnings of American taxpayers who hold shares in a foreign corporation. In this week's Chairman's Report, AFFT president Steve Hayes explains how that's bad for taxpayers, but good for the FAIRtax.
There are two basic types of freedom, freedom from and freedom to. The FAIRtax contains both. Check it all out in this special July 4 Chairman's Report.
This week's Chairman's Report is guest written by AFFT Board member Randy Fischer. In it, he looks at an article by Victor Davis Hanson regarding the complete extinction of once thriving cultures. One common theme in all of these instances is how the people came to resent and then resist their government. Randy points out how the FAIRtax can mitigate that feeling in our American society.
This week's Chairman's Report shares a letter written by John Linder to President Trump. Linder, the original sponsor of the FAIRtax in Congress, outlines several really good reasons why Mr. Trump should embrace the FAIRtax and make it part of his campaign for President.
Dishonest politicians will tell you that they can lower your personal tax burden by making rich corporations pay their fair share. What they don't tell you is that individuals pay every penny of a "corporate" tax. Learn the truth about corporate taxation in this week's Chairman's Report.
IRS Commissioner Danny Werfel appeared before the House Appropriations Committee on May 7, 2024. During that appearance, he outlined a number of dire consequences that would happen if the agency was not granted massive new appropriations. What the commissioner didn't talk about was where the massive new appropriation contained in the Inflation Reduction Act went. It's time to eliminate the IRS and its multi-billion dollar budget. It's time to pass the FAIRtax.
This week's Chairman's Report is guest written by Randy Fischer. Randy looks at a number of different issues that voters care about, and explains how running for President on the FAIRtax would be a winning campaign strategy.
The United States is drowning in debt and the DC elites don't seem to care. Unfortunately, the laws of economics are unyielding. The more the Feds borrow, the more things cost us the consumers. The solution is to stimulate economic growth and begin paying down the debt. The best way to start that process is to pass the FAIRtax.
Many of us are using artificial intelligence (AI) to simplify many of our daily activities. The IRS is using it too, but they're using it to pry into your personal financial data without a warrant. If the IRS is going to continue to ignore our Fourth Amendment rights, the only way to stop them is to abolish the IRS by passing the FAIRtax.
Congressman Buddy Carter is the primary sponsor of the FAIRtax Act in the House of Representatives. Just recently, his office issued a press release calling for April 16 to be recognized as national FAIRtax Day.
This week's Chairman's Report shares an article that was written by John Linder for Fox News. It details eight things that the FAIRtax would change about Tax Day.
This week's Chairman's Report shares an article that was authored by Chad Hagan and Mike Huckabee. It was published on April 15 in the Epoch Times.
Last week's Chairman's Report reported on how America's Elite 1% think differently from the rest of us. This week, the CR gives a concrete example of "elite 1% thinking". Read about how one particular Elite contends that breaking the law is OK if the elites agree with the lawbreaker's agenda.
When people hear about all the good things the FAIRtax does, they often ask who is blocking its implementation. The answer is that there is a very small, but incredibly influential group of people who selfishly work for their own best interests, often to the detriment of everyone else. Check it all out in this week's Chairman's Report.
President Biden's new multi-trillion-dollar tax plan intends to raise $500 billion from American corporations. But as AFFT president Steve Hayes explains, there's a small problem. The corporations may write the check to Uncle Sam, but the money will come out of the pockets of individuals.
Former Arkansas governor Mike Huckabee has run for President twice, and both times, the FAIRtax was part of his platform. Outside of politics, Huckabee has been and continues to be a successful media figure. His current job is hosting a very successful show on TBN every Saturday night. In early March of 2024, Mike delivered a monologue on his show on how to get rid of the worst day of the year--April 15. There's only one way to do that. Replace the income tax with the FAIRtax.
There's a great new book out titled "The Tax Deception" by John Gaver. It's a well-researched comparison that shows how different tax reform proposals stack up against each other and against the current income tax. After a thorough analysis, there's a clear winner--the FAIRtax.
The IRS assures us that the financial data we submit on our income tax returns is held in the highest confidence. Unfortunately, the reality is that our confidential data is a LOT less secure than the IRS would have us believe. In an eye-opening Chairman's Report, AFFT president Steve Hayes looks at just how loosely the IRS is guarding our most personal private data.
In this week's Chairman's Report, former Congressman and original FAIRtax sponsor John Linder answers several common questions about the FAIRtax.
Artificial intelligence is becoming more and more a part of our lives. Today's computers are simulating human intelligence in a way undreamed of just a few years ago. But one thing remains constant. Computers can't actually think. They have no emotions. They can only objectively evaluate known data. Recently, AFFT board member Randy Fischer asked ChatGPT what it thought of the FAIRtax. The answer was quite revealing. Check it out in this week's Chairman's Report.
Elites and ordinary Americans have vastly different levels of trust in the government--around 16% for ordinary Americans up to 89% for Ivy League super-elites. With government made up largely of elites who covet as much control over our lives as they can get, it's no wonder that they want to keep the income tax system in place.
The FAIRtax would not only be simpler, fairer and much less expensive to administer and enforce, it would transfer real power from the government to the people and show everyone just how much the government is costing us.
The DC elites are desperate to keep the corrupt income/payroll tax system in place. To do this, they deliberately distort the truth about just how bad the system is for the American taxpayer. One particularly hideous thing they do is conceal just how much we pay in taxes. In this week's Chairman's Report, Steve Hayes calls them out on their dishonesty and shows how the FAIRtax is a much simpler and much more honest system.
State governors know that reducing or even eliminating a state's income tax is the best way to attract new people and new businesses to the state. Unfortunately, many try to make up the lost revenue by increasing the state sales tax. That shifts the tax burden down to those on the lower end of the income scale and has led low income voters to oppose candidates who want to lower state income tax rates. Fortunately, there's a way to sell lower income tax rates to this constituency--a state level FAIRtax.
This week's Chairman's Report is guest written by AFFT Board member Randy Fischer. In it, Randy examines both the FAIRtax and the income tax from a moral perspective.
Donald Trump says that if he's elected, he wants to help American businesses compete with foreign competitors by imposing tariffs on foreign produced goods. In all likelihood, that would start a trade war that would make consumer products more expensive all around the world. There's a better solution, the FAIRtax.
A jury has awarded two Georgia election workers a sizable judgement in their defamation lawsuit against Rudy Giuliani. One would think that financially, the ladies would be sitting pretty while Mr. Giuliani would be hurting. Surprisingly, that's not necessarily that case thanks to the many twists and turns in the Internal Revenue Code. AFFT president Steve Hayes explains in this week's Chairman's Report.
In this week's Chairman's Report, Steve Hayes explains the similarities and differences between the FAIRtax and the Value Added Tax.
AFFT board member Randy Fischer is the guest author of this week's Chairman's Report. In it, he explores an area that most people don't think about when they think of how the FAIRtax would benefit the country.
On Dec. 6, 2023, AFFT president Steve Hayes was one of several witnesses invited to testify before the House Ways and Means subcommittee on Tax. While some Members were clearly not ready to embrace the FAIRtax, the fact that Steve was invited to appear is a positive development.
Federal budgeting is a complicated process, and it's that way by design. Bureaucrats maintain their positions of power and authority by making things so complicated nobody can understand them. That way, people are all too willing to just let the "smart people" in the government worry about it. The FAIRtax would upset that apple cart. In this week's Chairman's Report, see how the FAIRtax would uncomplicate the budget process to the point that anyone with a calculator can understand it.
More and more states are providing ways for parents to send their children to charter, private and religious schools. Is that assistance taxable income? Under the income tax, the answer is not exactly clear. Under the FAIRtax, it's a clear and decisive "no".
The latest Social Security Trustees report contains some frightening information. Costs are vastly exceeding income and unless something is done, there are people alive today who will suffer a significant reduction in their Social Security benefits. DC's "solutions" have clearly not worked. It's time to fix the problem once and for all. It's time to pass the FAIRtax.
Three years after he leaked President Trump's tax return to the New York Times and thousands more returns from wealthy Americans to ProPublica, an IRS contractor has pleaded guilty to one count of disclosing tax return data without authorization. While it's great the leaker has finally been caught, the question remains. How can we be sure that the confidential data we must disclose on our tax returns stays confidential? The sad truth is that as long as the government has your data, it's not safe. If you want to ensure that your data isn't leaked, you should support the only tax reform plan that keeps your data out of the government's hands. You should support the FAIRtax.
Many older Americans rely on Social Security for the income they need to live. Unfortunately, the system is going broke. There's an easy and effective solution to the problem, but DC doesn't want to implement it. We the people are going to have to demand it. That solution is the FAIRtax.
The Internal Revenue Code is chock full of all kinds of special provisions that most of us don't even know about, but the super wealthy use to reduce their federal income tax liability. That's how billionaires get away with paying just a few hundred dollars in income tax, and it's all perfectly legal. If DC was serious about making everyone pay their fair share, they would enact the FAIRtax.
There is a world of difference between legally reducing your tax bill by taking advantage of provisions in the tax code, and illegally evading paying taxes that you rightfully owe. With illegal evasion costing the government over $1 trillion a year, it's time to replace the income tax with a system that is much harder to evade. It's time to enact the FAIRtax.
There are literally dozens of ways to evade the Federal income tax. Every year, the IRS publishes the 12 worst--the Dirty Dozen. The schemes on the list may change from year to year, but one thing that won't change is that people will continue to evade the income tax because it's so easy to do. It's time to get rid of the Dirty Dozen by replacing the income tax with the FAIRtax.
Imagine a high school pitcher trying to strike out a Major League Baseball batting champion. Or a high school basketball player trying to guard LeBron James. Well, that's just the kind of mismatch that newly hired IRS agents will find themselves in when they try to audit individuals and businesses who are represented by seasoned tax professionals. Anyone who thinks that hiring thousands of rookie agents is going to make much of a dent in the current level of tax evasion is kidding themselves. There's only one real solution. Replace the income tax with the FAIRtax.
Usually, the IRS looks to catch and punish those who are evading their federal income taxes. But you may be astounded to know that the IRS is actually helping the wealthy and well connected among us to skirt the law and evade millions of dollars in taxes. Read all about it in this week's Chairman's Report.
The income tax has always taxed our income as we receive it. Money we haven't actually received, like an increase in value of a stock we hold, isn't taxed until the stock is sold and we actually have the money in hand. But now, Congress is trying to tax us on these unrealized gains. This fall, the Supreme Court will decide if that's legal or not. If the Court rules in favor of the government, that will be just one more reason why we need to replace the entire income tax system with the FAIRtax.
Ideally, a tax code should focus exclusively on setting up the laws that define how a government will raise the revenue it needs to operate. Unfortunately, our Internal Revenue Code goes well beyond just raising the money the government needs to run. Congress has turned the Internal Revenue Service into a welfare agency. Check it out in this week's Chairman's Report.
This week's Chairman's Report is guest written by Tom Patterson. Tom is a member of the AFFT Advisory Board. His article makes a compelling case for replacing the income tax with the FAIRtax.
The IRS wants to implement an online system where people can file their tax returns electronically for free. Sounds like a good idea on the surface given that American taxpayers shell out millions of dollars every year getting their taxes done. However, there's a sinister goal lurking under all the rhetoric about making it easier and cheaper for taxpayers to file their taxes. Check it out in this week's Chairman's Report.
Criminals stole at least a trillion dollars during the pandemic. Astoundingly, none of the additional $80 billion allocated to the IRS is earmarked for reducing fraud or even catching the thieves. Instead, the additional funding will be used to harass honest taxpayers in the name of catching tax cheats. Why would DC do this? Find out in this week's Chairman's Report.
It should come as no surprise that a recent Inspector General's report has found more problems at the IRS. Specifically, the IRS is failing to meet even minimum standards for care and efficiency, and it is not properly protecting the confidentiality of our personal data. These problems can't be fixed. The only real solution is to abolish the IRS by replacing the income tax with the FAIRtax.
Recently, newstrail.com published a wildly inaccurate report on the FAIRtax. This week's Chairman's Report is AFFT board member Jim Bennett's thoughtful response to that article.
Hunter Biden is definitely a member of the DC elite Ruling Class. So, it should come as no surprise that according to whistleblower testimony obtained by the House Ways and Means Committee, Mr. Biden ignored tax laws and failed to pay millions of dollars in income taxes. Sadly, this is far from an isolated incident illustrating the corruption inherent in our income tax code. It's time to replace a corrupt and inefficient system with one that works and is fair to all taxpayers. It's time for the FAIRtax.
In yet another chilling story of the IRS threatening and abusing American citizens, this week's Chairman's Report details the harrowing experience suffered by Mr. Tom Van Hoose, a gun shop owner in Great Falls, Montana.
This week's Chairman's Report is guest written by Les Rubin. Les heads Main Street Economics Inc, a non-partisan, non-profit corporation dedicated to educating voters on a variety of economic and fiscal issues. In his article, he explains the relationship between the FAIRtax, the Federal debt and inflation.
In honor of the recent July 4 holiday, Americans For Fair Taxation presents a story about what Thomas Jefferson might think if he were to visit modern day America.
If anyone doubts the manner in which the 87,000 new IRS agents will be used, what happened to a Marion, Ohio woman is a scary wake-up call. This week's Chairman's Report documents an unbelievable story of lies, deceptions and threats aimed at an innocent taxpayer. It's one of the strongest reasons yet why we need to abolish the IRS by passing the FAIRtax.
Backdating is when you date a legal document to make it appear that you signed it earlier than you actually did. Backdating with the intent to deceive a court is a felony. But, if you're the IRS, you can apparently backdate documents and suffer no consequences. This week's Chairman's Report looks at just such a case. It's yet another reason why we need to replace the income tax with the FAIRtax and abolish the IRS for good.
A recent unanimous Supreme Court ruling should alarm all Americans. The court ruled that if a friend or co-worker of yours owes money to the IRS, the IRS can look at your bank account information without your knowledge even if there is no legal connection between you and the person the IRS is targeting for collection. That's wrong, and it's just another reason why we need to abolish the IRS by replacing the income tax with the FAIRtax.
Recently an article appeared in The Hill detailing the rather dismal situation that many retirees and soon to be retirees face. The problem stems from the fact that our current tax system punishes something it should be rewarding--savings. By letting everyone save and invest tax free, the FAIRtax would make it a lot easier for people to have a happy and prosperous retirement.
When Florida Governor Ron DeSantis announced his candidacy for the Republican Presidential nomination, he was immediately attacked by a political action committee supporting former President Donald Trump. The attack was centered on the fact that DeSantis supported the FAIRtax when he was in Congress. Thanks to this attack ad, the question of keeping or eliminating the IRS is now a campaign issue that all candidates in both parties are going to have to address.
Recently an article appeared in The Hill detailing the rather dismal situation that many retirees and soon to be retirees face. The problem stems from the fact that our current tax system punishes something it should be rewarding--savings. By letting everyone save and invest tax free, the FAIRtax would make it a lot easier for people to have a happy and prosperous retirement.
Recently, Senator John Thune (R-SD) came out in favor of what he called "a pro-growth, pro-opportunity, and pro-taxpayer tax code". To hear what he said, you'd think he was advocating for the FAIRtax. Unfortunately, he wasn't but the FAIRtax addresses everything the Senator said was wrong with the current tax code.
This week's Chairman's Report was guest written by former Congressman John Linder. Linder was the original sponsor of the FAIRtax in Congress and remains active in the effort to get it passed. He offers an insider's perspective on why the elites in DC are so adamantly opposed to the FAIRtax.
Rent seeking is an economic concept that's been around since the 18th century. It explains why DC has been so resistant to replacing the income/payroll tax system with the FAIRtax. Today, rent seeking involves obtaining economic wealth or opportunity from government payments without exchanging anything of value. Much of modern day rent seeking is aimed at the federal income tax code. The DC denizens want to keep it that way, but we the people need to rise up and demand the FAIRtax.
Many enemies of the FAIRtax seem to have adopted the above slogan which came from one of history's most notorious figures. In attacking the FAIRtax, they ignore a myriad of really serious problems with the income/payroll tax. They want to convince you that the FAIRtax is fatally flawed while glossing over how grossly unfair, complicated and unstable the income tax is. Check it all out in this week's Chairman's Report.
This week's Chairman's Report is a reprint of an article written by Dr. Karen Walby detailing the top ten reasons why Democrats should support the FAIRtax.
For decades, the elites in DC have been using sleight of hand to hide a significant portion of our federal tax burden from us. With the costs of the income/payroll tax system embedded in the prices of everything we buy, we're paying a good chunk of somebody else's taxes and don't even realize it. It's time for a system that shows the American people the true cost of their government. It's time for the FAIRtax.
A recent article in the Wall Street Journal looked at the probability of your tax return being audited by the IRS. While the number of audits compared to the number of returns is rather small, the hassle, aggravation, expense and stress of being audited can be extreme for the unlucky few. There's a better way to do this. With the FAIRtax, the audit rate is zero because there is no more IRS.
This week's Chairman's Report is a reprint of an article written by Dr. Robert Genetski and published in the Epoch Times. It's no surprise that Dr. Genetski sees the FAIRtax as vastly superior to the income tax.
In this week's Chairman's Report, Steve Hayes shares an article written by noted economist Steve Moore, who has just become a member of the Advisory Board of Americans For Fair Taxation. He says there's only one way to deal with the IRS--lop off its head by replacing the income tax with the FAIRtax.
A new study from the Peter G Peterson Foundation draws some astounding conclusions about how effective the massive increase in the IRS's budget will actually be in reducing tax evasion. Check it out in this week's Chairman's Report.
This week's Chairman's Report was guest written by John Linder. John was the original sponsor of the FAIRtax when it was first introduced into Congress in 1999. He was once a flat tax supporter, but now believes that the FAIRtax is the best way to go.
This week's Chairman's Report is a reprint of an article written by Chad Hagen and published in the Epoch Times. In it, Mr. Hagen conclusively shows how the FAIRtax will benefit Americans of all income levels.
Some of the country's largest and most well-known tax preparation companies have been caught red-handed selling their customers' sensitive financial information to Facebook. Unfortunately, this is just one more example of how our personal, confidential information isn't so confidential. There's only one way to stop this kind of abuse--enact a tax system that doesn't require us to submit our sensitive information to the government. Pass the FAIRtax.
A recent study by the Stanford Institute for Economic Policy Research found that black taxpayers were 2.9 to 4.7 times more likely to be audited by the IRS than non-black taxpayers. That's just one more reason why the corrupt an incomprehensible income tax system should be replaced with the FAIRtax.
This week's Chairman's Report is based on an article written by Jeff Carter. Jeff has an impressive list of credentials as a successful businessman. See why he thinks that the country would benefit greatly if the income/payroll tax system was replaced with the FAIRtax.
This week's Chairman's Report is guest written by John Linder, the original sponsor of the FAIRtax bill in the House. John first exposes some of the dishonesty that opponents are directing at the FAIRtax. Then, he does the math and proves that the FAIRtax is a better deal for taxpayers than the income tax.
The FAIRtax has been promised a vote in the House and the establishment is scared. They're doing all they can to attack the FAIRtax, and the media is spreading their criticisms across the entire country. The problem is that they're not telling the truth, the whole truth and nothing but the truth. This week AFFT president Steve Hayes unmasks the lies and deception surrounding the FAIRtax.
This week's Chairman's Report is guest written by David Weber. David represents Maryland on the FAIRtax Board of Governors. David examines how the IRS fails the Diversity, Equity and Inclusion test miserably, while the FAIRtax passes it with flying colors.
A new CBO report indicates that Social Security is going broke even faster than we thought. An increasingly smaller number of workers is having to support an increasingly larger number of retirees. There's only one way to really fix the problem. Extend the tax base from just those working for a paycheck to everyone whose spending exceeds the poverty level. In other words, pass the FAIRtax.
In order to catch an admittedly small number of tax cheats, the IRS is going to impose draconian reporting requirements on all of us who receive payments through online payment services like PayPal and Venmo. If you receive just one payment for over $600, you'll get a 1099-K for the amount you receive. That's true even if that payment is for a transaction on which you actually incur a loss. It's just another way the DC elites are seeking to exert control over us, and another reason why we need to replace the entire income tax system with the FAIRtax.
This week's Chairman's Report is guest written by CPA Jade Walle. In it, he addresses a question that's often raised about the FAIRtax concerning demand for new products. Since the FAIRtax taxes only new goods, there is fear that demand for new goods will dry up as people begin buying used goods in order to avoid the tax. Listen as Jade explains why this fear is unfounded.
Senator Whitehouse of Rhode Island has been caught red handed trying to get the IRS to persecute tax exempt groups whose politics the Senator doesn't like. Fortunately, he did not succeed, but the fact that he even tried it is more proof that the as long as the IRS exists, it will be used as a political weapon. There's no way to de-politicize the IRS. We can only abolish it by replacing the income tax with the FAIRtax.
Federal law specifies that data supplied to the government on an income tax return is confidential. It further prescribes that it's a felony to breach that confidentiality by leaking income tax return information. Still, such leaks occur, and it seems that no one is ever punished for it. Now that it appears that the House Ways and Means Committee will be furnished copies of President Trump's tax returns, does anyone really believe they will stay confidential for long? There's only one way to turn this soap opera off--pass the FAIRtax and eliminate tax returns altogether.
This week's Chairman's Report is guest written by Jade Walle, a partner in a CPA firm and a board member of Americans For Fair Taxation. Jade looks at the matter of complexity vs. simplicity in both our election process and our system of taxation.
Some people have concerns about what the transition from the income tax to the FAIRtax would look like. Dr. Karen Walby, research consultant for Americans for Fair Taxation has looked at the issue and outlines the provisions in the FAIRtax legislation for how the transition will be carried out.
It's easy to tell if a mechanic has done a good job fixing your car. It's not so easy to judge a politician's job performance. In this week's Chairman's Report, Steve Hayes shows how passing the FAIRtax will make it easier to tell if your Member of Congress has done a good job and deserves to be rehired for another term.
In this week's Chairman's Report, guest writer Jade Walle looks at five significant ways in which the FAIRtax will benefit the largest portion of our population--those working for a paycheck and receiving a W-2.
Have you ever noticed that when the federal government wants to provide a financial incentive for something, it never comes in the form of a direct incentive payment? Instead, it comes as a federal tax credit. As Steve Hayes explains in this week's Chairman's Report, there's a better way to do it--the FAIRtax.
Diogenes was a Greek philosopher famous for carrying a lantern in search of and honest man. If he could visit today's DC, how long would it take him to find a man or woman who would be truthful about why the DC elites continue to prop up a failed income/payroll tax system? Probably quite a while.
This week's Chairman's Report is a reprint of an article written by economics professor David Kendall. It offers some insightful analysis of why the FAIRtax has languished in Congress for 23 years, and what we FAIRtax advocates must do to eventually get it passed.
People expect federal agencies like the IRS to performs the jobs delegated to them by Congress in a fair and impartial manner consistent with the law. They instinctively understand that no one should receive either favorable or unfavorable treatment based on their ideology or political affiliation. Unfortunately, that's not always the case. The IRS has a long history of being used as a weapon against the political opponents of the party in power. That abuse has to stop, and there's only one way to stop it. Abolish the IRS by passing the FAIRtax.
Most people would consider it bad news when unemployment goes up, wages stop increasing, gas prices rise, interest rates rise and home purchases decline. Not so in DC. Those things are cheered in DC because it means more people will have to depend on the government for their existence. It's the same insane thinking that "bad is good" that keeps the income tax system in place when there's a much better way to fund the government--the FAIRtax.
Of all the objectionable provisions in the recently passed Inflation Reduction Act, giving $80 billion to the IRS has to be one of the worst. The agency has a long history of mismanagement and incompetence to go along with its history of bullying honest taxpayers and demanding money from people who don't have the resources to challenge them in court. This is an especially grievous in light of the fact that we don't need a bigger IRS. In fact, if we enacted the FAIRtax, we wouldn't need the IRS at all.
This week, we celebrate labor in America. But it looks like the politicians still haven't gotten the message. Instead of celebrating and rewarding labor, they continue to punish it with heavy taxation. If the politicians really wanted to reward labor (and thereby get more of it), they would quit taxing the money we receive in exchange for our labor. They would replace the income tax with the FAIRtax.
This week's Chairman's Report is guest written by CPA Jade Walle. He notes that given the choice, people will choose continuity and calm over chaos and disorder every time. Comparing the FAIRtax to the income tax, it's easy to see which one brings calm and continuity and which one brings chaos and disorder. With the IRS set to become bigger and meaner than it's ever been, it's time to demand that the income tax be abolished and replaced with the FAIRtax.
Is it a coincidence that both James Comey and Andrew McCabe, two FBI directors deemed traitors by then President Trump, were both selected for the most intense and invasive audit that the IRS conducts? It's possible that this was a random occurrence, but the odds are less than the odds of winning the Texas Powerball lottery. Regardless of party affiliation or ideological leaning, everyone should agree that using the IRS to persecute political opponents is wrong and must stop. There's only one way to do that. Put the IRS out of business by replacing the income tax with the FAIRtax.
In this week's Chairman's Report, AFFT president Steve Hayes reveals some shocking statistics about the state of education in the United States as it relates to basic literacy. Then, he shows how some of those problems are the result of our system of taxation, and how the FAIRtax can improve education for everyone.
The Summary of the 2022 Annual Reports published by the Social Security and Medicare Boards of Trustees has some grim news. Both programs are running out of money, and inflation is only going to hasten then day when they go broke. Congress has introduced a "rescue plan" that's guaranteed not to work. That's because it's based on inaccurate numbers and unrealistic assumptions. In this week's Chairman's Report, AFFT president Steve Hayes presents the real solution to keeping these two programs solvent--the FAIRtax.
This week's Chairman's Report is guest written by Jade Walle, a partner in a CPA firm, and a board member of Americans for Fair Taxation. With inflation and high interest rates set to send the US economy into recession, Jade looks at the research that shows what effect replacing the income tax with the FAIRtax would have on the economy--especially one in recession.
John W Childs is a billionaire who would stand to pay much more in federal taxes under the FAIRtax than under the present income tax. Still, he believes that the FAIRtax would be better for his children, his grandchildren and the country in general. See why as this week's Chairman's Report reprints an article the Mr. Childs wrote for the New York Sun.
Members of Congress clearly believe that the rules that govern the financial lives of ordinary people don't apply to them. In this week's Chairman's Report, AFFT president Steve Hayes documents yet another instance that proves that Congress and the Federal government not only live by their own rules, but they have no idea how changes in the tax law affect their spending. The solution is to make the true cost of government clear to everyone by passing the FAIRtax.
It has just recently come to light that over a year ago, the IRS purposely destroyed over 30 million paper filed return documents because they couldn't process them. Clearly, the IRS is not capable of doing the job it's supposed to be doing, and pouring more money into it isn't going to fix the problem. There's only one solution. Abolish the IRS by replacing the income tax with the FAIRtax.
As we pause to celebrate the independence we enjoy as Americans, AFFT president Steve Hayes reminds us again why we're still engaged in another fight for freedom--the effort to free ourselves from the income tax and the IRS.
This week guest writer Jade Walle examines how the FAIRtax would have fit into the system of government described in Ayn Rand's epic 1957 novel "Atlas Shrugged".
There are multiple reasons why we have a supply chain crisis in the United States, but the simple reason is that for the most part, the products we want and the components that go into them are manufactured overseas. Why? Because our insane income/payroll tax system has driven American manufacturing offshore. We'd have a much smaller supply chain problem if more things were manufactured in the United States. And we'd have much more American manufacturing if we would pass the FAIRtax.
Back in 2017, a group of distinguished economists accurately predicted the positive effects that the Tax Cuts and Jobs Act would have. Of course, that didn't stop them from being attacked and ridiculed by many pundits of the day. Building on their work, it's not hard to accurately predict all the good things the FAIRtax will do for the economy. AFFT president Steve Hayes breaks it all down in this week's Chairman's Report.
While direct bribery of a Member of Congress is illegal, there is a convenient back door way for Members of Congress to receive a "reward for services" that is perfectly legal. AFFT President Steve Hayes breaks it all down and once again shows how replacing the income tax with the FAIRtax would make things better for the American people.
What does cancel culture have to do with the FAIRtax? Everything. In a nutshell, cancel culture is the attempt to silence someone who has a different opinion than you. FAIRtax opponents want us canceled. We simply can't let that happen. Listen as guest writer Jade Walle explains why the FAIRtax movement must prevail in the face of the cancel culture.
Do you think that exempting groceries from the state sales tax makes that tax more progressive? Think again. A recent study for the Tax Foundation found that exempting groceries from the sales tax results in higher rates for other goods. The study further found that low-income families would be better off if groceries were taxed, and the tax rate was reduced commensurately on other goods. So far, the Tax Foundation has not endorsed the FAIRtax, but it looks like they're slowly recognizing the economic truth that sales taxes are better than income taxes.
It should come as no surprise that people are frustrated with the income tax and don't really trust it to be fair and honest. Some numbers from a recent Harris Poll on taxation bear that out. Still, the people we elect to act in our best interests continue to prop up the current income tax system. Why? Could it be that they're really looking out for themselves rather than us? We need to take back control of our country and demand the FAIRtax.
The Biden administration recently announced its desire to make billionaires "pay their fair share", by introducing a new "Billionaires Minimum Tax". But, if you read the fine print, you'll find that it actually kicks in on families making a lot less. There's a better way to make everyone, not just billionaires, pay their fair share--the FAIRtax.
Enacting the FAIRtax will put a lot of complex variables into play in the US economy. With inflation at its highest level in 40 years, CPA Jade Walle looks at some of these factors with an eye towards how the FAIRtax would be a better hedge against inflation than the current income tax system.
There is another new study out on tax evasion. Not surprisingly, it finds that a consumption tax like the FAIRtax is much harder to evade than the current income tax. In this week's Chairman's Report, Steve Hayes goes thru this new study and again makes the case that the DC elites are propping up the income tax for their own benefit.
It's that time of year again. Time to fill out a bunch of complicated forms telling the government all the ins and outs of your personal finances. It's been this way for over a century, but it doesn't HAVE to be this way. We can fund the government without invading people privacy or losing a trillion dollars a year to tax evasion. It's easy. Just pass the FAIRtax.
Under current law, the government is entitled to know nearly every detail of your financial life. If you're OK with that, then you can stop reading. But if you think your financial status is your business, AFFT president Steve Hayes suggests ten questions that you should ask your Congressional representative.
April Fools Day is a day where people play pranks on each other. Unfortunately, the income/payroll tax system is not a prank. It's a cruel reality that affects millions of Americans. In this week's Chairman's Report, Steve Hayes examines why only a fool would support keeping the income/payroll tax system in place.
This week's Chairman's Report, guest written by CPA Jade Walle, takes an interesting look at some of the root causes of war down through history, and then examines how the FAIRtax might help in lessening, or even preventing the prospect of war.
The IRS is the motor that keeps the Federal government running--and it's sputtering badly. Its computers are antiquated, it can't fill its job openings, and very few people calling the IRS for help get what they need. If the IRS were a car engine, it would have been junked long ago. Still, Congress insists that they can fix the IRS with billions of dollars of your money. We have a better idea. Scrap the income tax, and with it, the IRS.
There are many good reasons that we all should support the FAIRtax. However, it's especially important that Millennials and Generation Z join the FAIRtax army if they want any hope of having the same opportunities and lifestyles that were available to the preceding generations. Check it all out in this week's Chairman's Report.
This week's Chairman's Report is guest written by CPA and AFFT board member Jade Walle. In it, he takes a hypothetical look at how the FAIRtax might have made President George Washington's job a bit easier by possibly heading off the Whiskey Rebellion of 1794.
As strange as it may sound, an analysis of what Marxist tax policies seek to accomplish seems to indicate that Karl Marx would support the FAIRtax because it addresses the issues that Marx was concerned about and trying to fix. Check it all out in this week's Chairman's Report.
Many of us have labored for years to pass the FAIRtax. Progress has been slow and sometimes we get discouraged. President Theodore Roosevelt never heard of the FAIRtax, but his words spoken in 1910 can serve as an inspiration to us today. Check it all out in this week's Chairman's Report.
In this week's Chairman's Report, AFFT president Steve Hayes looks at a recent Wall Street Journal editorial about reducing tax evasion. Not unexpectedly, the editorial writer gets it wrong by not advocating for the FAIRtax.
Recently, a group of millionaires and billionaires published a letter claiming that the rich don't pay their fair share in taxes and calling on governments around the world to tax them more. Unfortunately, there are some glaring omissions in that letter. Listen as AFFT president Steve Hayes breaks it all down in this week's Chairman's Report.
AFFT board member and CPA Jade Walle guest writes this week's Chairman's Report. In it, he looks at some of our past leaders' words in order to determine how they would feel about both the income tax and the FAIRtax
It sounds unbelievable, but it's true. Many high tax states are helping their wealthiest taxpayers avoid the $10,000 cap on the deduction for state and local taxes. Check out the IRS's reaction, and then see how the FAIRtax puts an end to this blatant evasion in this week's Chairman's Report.
IRS Publication 17 makes it clear that people are supposed to report income derived by illegal means on their tax returns. Of course, very few people making illegal money are reporting and paying taxes on it. So, how do we turn these tax evaders into taxpayers, pass the FAIRtax.
How long would the income payroll tax system remain if tax professionals and politicians weren't supporting it? Not long. If the system had to survive on its own merits, well, it wouldn't. In this week's Chairman's Report, AFFT president Steve Hayes, a "recovering" tax attorney himself, calls on his colleagues who are propping up a bad system to put the country, and the rest of the American people first. Get on board with the FAIRtax.
This week's Chairman's Report is guest written by CPA Jade Walle. In it, he examines the effect the FAIRtax would have on businesses with respect to the conventional thinking "you can have any two, good, fast, and cheap". Not surprisingly, the FAIRtax is vastly superior to the current income tax system.
The FAIRtax may be languishing in Congress, but the FAIRtax message is being heard and acted upon in several states. Alabama, Georgia and Nebraska lead the way as states that have legislative proposals in their state houses to replace their state income tax with a consumption tax modeled after the FAIRtax. Steve Hayes sums it all up in this week's Chairman's Report.
Some people believe that it will be extremely difficult to pass the FAIRtax in the Senate because normal Senate rules require 60 votes to end debate on a measure and bring it up for a vote. Therefore, a minority of just 41 Senators could block the FAIRtax in the Senate. However, in this week's Chairman's Report, Steve Hayes discusses a special Senate procedure called budget reconciliation under which the FAIRtax could pass with just 51 votes.
This week's Chairman's Report features an economics professor, David Kendall. Seventeen years ago, he wrote to the newly formed President's Advisory Panel on Federal Tax Reform urging them to adopt the FAIRtax. Eighty professional economists endorsed the letter, but the Panel paid them no attention. Seventeen years later, the FAIRtax is still the best replacement for the Federal income tax. We can't give up now.
In a nutshell, crony capitalism is a system where businesses and individuals with political connections are granted government favors that give them an unfair advantage in the free market. In this weeks Chairman's Report, Steve Hayes explores a particularly egregious example of crony capitalism that would benefit personal injury attorneys, and it's all made possible because deals like this can be buried in the Internal Revenue Code where the public will never see them. The FAIRtax won't wipe out crony capitalism entirely, but it will make it a lot harder to hide.
The IRS has grudgingly admitted that income tax evasion costs the US Treasury $1 trillion dollars a year. Washington's solution? Hire an army of new IRS agents to audit tax returns and catch the cheaters. In this week's Chairman's Report, Steve Hayes explains why that not only won't solve the problem, but will actually make it worse. Steve again shows why the FAIRtax is the only real solution.
This week's Chairman's Report was guest written by CPA Jade Walle. He explores several ways in which the FAIRtax would positively impact our annual budget deficit, and by extension, our overall national debt.
There is good control and bad control when it comes to taxes. In this Chairman's Report, Steve Hayes explains the differences between good and bad control and then applies that to the income tax vs. the FAIRtax.
Excessive borrowing to fund too much government spending is a recipe for disaster. So far, the United States hasn't had to pay the price--yet. But even the Federal government is not immune to the basic laws of economics. In this Chairman's Report, Steve Hayes breaks it all down and explains how the FAIRtax would be an elegant solution to a variety of economic problems.
Senator Bernie Sanders has proposed spending trillions of dollars on programs he believes will help America. The problem is figuring out how to fund it all. Hey Senator Sanders, here's an idea--help us pass the FAIRtax. The economy will boom, tax evasion will be all but eliminated and revenue will flow into DC to fund the spending you propose.
This week's Chairman's Report is guest written by Jade Walle, CPA and board member for Americans For Fair Taxation. Listen as Jade explains how the FAIRtax will enable Americans to accomplish even more.
After years of downplaying the impact of evasion on the income/payroll tax system, the IRS commissioner recently admitted that it's a trillion dollar a year problem. But what does all that evasion really mean? In this week's Chairman's Report, Steve Hayes breaks it all down and exposes a frightening proposal for dealing with it.
When there's a simple way and a hard way to do something, most reasonable people choose the simple way. So why do we have such a complex and incomprehensible tax system? The answer lies in the answer to a simple question, "Who benefits?" In this week's Chairman's Report, Steve Hayes answers that question and explains what we need to do to get Congress to replace the complex income tax system with the simple FAIRtax.
With the passing of Ron Maiellaro, the FAIRtax movement lost one of its most passionate supporters and most effective spokesmen. This week's Chairman's Report is largely guest written by Bob Paxton, Ron's FAIRtax Power Radio co-host for over six years.
It's a simple truth. If you want more of something, reward it. If you want less of something, punish it. In this week's Chairman's Report, we clearly see how the income/payroll tax system punishes labor, while the FAIRtax would reward it.
This week's Chairman's Report is guest written by Jade Walle, a CPA and a board member for Americans For Fair Taxation. Jade uses the analogy of putting a golf ball to explain the burdens that the income tax system imposes on businesses and how the FAIRtax turns it all into a gimmie.
The nine most frightening words in the English language apply to a new proposal floating around DC. In this Chairman's Report, Steve Hayes explains why letting the IRS prepare everyone's tax return is a really bad idea.
The idea of taxing government may seem silly to some people, but the fact is that the government is already being taxed under the income/payroll tax system. This week's Chairman's Report breaks down information compiled by Dr. Karen Walby about how that all works and how the FAIRtax will make everything more transparent.
An article in the Wall Street Journal points out that many wealthy people are financing big purchases by borrowing against the value of their capital investments rather than selling them. This has prompted the bureaucrats to propose even more complicated changes to the tax code to deal with this "grave injustice". Just don't expect the DC crowd to play by the same rules they impose on everyone else. In this week's Chairman's Report, Steve Hayes explains once again why the FAIRtax is the best solution.
Congressmen Mike Kelly and John Lewis tried to turn the IRS from an adversary into a resource for taxpayers. Unfortunately, they weren't successful. They made a good faith effort, but like putting lipstick on a pig, you just can't change something by dressing it up. The IRS is still a dysfunctional agency tasked with an impossible mission. The only way to make it better is to get rid of it. And the only way to do that is pass the FAIRtax.
A month ago, the Chairman's Report dealt with the story of how anti-Republican bias at the IRS resulted in a faith based group in Texas being denied tax exempt status. Well, thanks to an outpouring of outrage against this blatantly politically biased action, this story has a happy ending. Check it out in this week's Chairman's Report. We the People still hold the ultimate power.
On June 11, the Chairman's Report detailed how Steve Hayes narrowly avoided having an unjustified tax lien filed against him by the State of California. Dyane Smith wasn't so lucky. Dyane is also a lawyer, but she's been engaged in a 20 year fight with the IRS. Listen to her nearly unbelievable story of just how careless, incompetent and vindictive the IRS can be. What happened to her alone is more than enough reason to get rid of the IRS by passing the FAIRtax.
You've no doubt heard some claim that taxation is theft. That's not entirely correct, but since taxation does force people to give up their money against their will, some of the same moral principles that apply to theft also apply to taxation. This week, Steve Hayes looks at the morality of taxation and how the FAIRtax beats the income tax in the moral arena.
This week, the Chairman's Report pauses to reflect on why we're persisting with our efforts to replace the income tax with the FAIRtax, and to wish everyone a happy 4th of July.
It looks like the spirit of Lois Lerner is still alive and well at the IRS. A religious group in Texas was recently denied tax exempt status because the principles it teaches would lead people to vote Republican. This continued pollicization of the IRS one of the many reasons we need to replace the income tax with the FAIRtax and exterminate the IRS forever.
Recently, confidential tax return information on some of America's wealthiest individuals was leaked in an effort to drum up support for raising taxes on the rich, and there's a good chance the leakers will not be punished. That should frighten everyone, because if it can happen to them, it can happen to you. There's only one way to stop activist bureaucrats from compromising confidential tax return information. Get rid of tax returns. Pass the FAIRtax.
This week,, Steve Hayes shares a harrowing, personal story about what can happen when a taxing authority's computer makes a mistake. With the current administration proposing to triple the IRS's budget to allow for the purchase of newer, more powerful and more sophisticated computers, it provides a chilling look into what we might expect should the IRS get its hands on this technology.
Few things within our government are more obviously broken than our income/payroll tax system. One of its worst faults is the ease with which it is evaded and defrauded. The examples noted in this week's Chairman's Report are just the tip of the iceberg. So, when something so clearly in need of replacement stubbornly continues to hang on, there can be only one reason. Follow the money. It's time that we the people realize that the people in government work for us, not the other way around. It's time that we demand that they pass the FAIRtax.
During the 2016 campaign, Donald Trump repeatedly noted to minority audiences that decades of Democrat policies had not significantly advanced their station in life. He then challenged them to vote for him by asking "What have you got to lose?" It's time to do the same with the FAIRtax. After decades of living under the income tax, many Americans are still living paycheck to paycheck and don't have the financial resources to handle an unexpected financial setback. The current system is not only not working particularly well, it's headed for disaster. So, it's time to ask everyone who wants a better economy, "What have you got to lose?' by demanding the FAIRtax.
DC wants us to be like the proverbial three monkeys--See no evil, Hear no evil, Speak no evil. In other words, just be quiet and don't question us. We know what we're doing and we have your best interests at heart. In the meantime, an old enemy is on his way back into our lives. Inflation is threatening to come roaring back and ruin our economic stability. There's a really good way to defeat inflation and maintain economic stability. Pass the FAIRtax.
The good news: A noted economist is calling for replacing the income tax with a consumption tax. The bad news: He's recommending a VAT, not the FAIRtax. Even though he's not advocating for the FAIRtax at this point, it's still a step forward that someone of his stature and professional reputation sees the need to replace the income tax. Check it all out in this week's Chairman's Report.
For decades, the Washington politicians have been misleading the American people on how much their spending proposals cost and how they can be paid for. They get away with this because the people generally have no idea how much the government actually costs them. In this week's Chairman's Report, Steve Hayes details just how dishonest some of these politicians have been in covering up the true cost of government. He also presents the solution---the FAIRtax.
When it comes to investing, it's not how much you make that counts. It's how much you get to keep after taxes. Currently, capital gains taxes are relatively low at 20%, but that might not last long. If President Biden gets his way, capital gains taxes will nearly double. This will have a crushing effect on the economy. The FAIRtax doesn't tax capital gains at all until they are spent on the retail purchase of new goods and services. Pass the FAIRtax, and the economy will soar.
In testimony before the Senate Finance Committee, IRS Commissioner Charles Retting finally testified that tax evasion is costing the government at least a trillion dollars a year. The Biden administration is responding with more aggressive enforcement, but is that the answer? Not really. The best way to solve this problem is to implement a system that doesn't lend itself to massive evasion. The solution is to pass the FAIRtax.
Do you ever wonder why a great idea like the FAIRtax runs into so much resistance in Congress? The short answer is money. This week Steve Hayes uncovers some eye-popping reasons why Members of Congress are so beholden to the powers in Washington that profit from the income tax.
The Biden administration is proposing massive tax hikes on corporations to finance a long list of spending initiatives. At the same time, he's promising that his tax proposals won't affect any single taxpayers making under $200,000 a year, or any married taxpayers making $400,000 or less. The problem is that that's just not possible. AFFT President Steve Hayes breaks it all down and again demonstrates how the real answer is the FAIRtax.
Once again, the "smart people" in DC have created another mess while supposedly trying to solve a problem. This time, it's our kids who suffer for it. Check it all out in this week's Chairman's Report, and see once again how the FAIRtax is the answer to making it right
Up to now, America's wealthiest taxpayers have been able to structure their affairs to greatly minimize their tax liability. However, with a new administration in Washington promising to target the 1% for higher taxes, many of them may soon decide that getting rid of the income tax is actually in their best interests. In this week's Chairman's Report, Steve Hayes explains how and why that could happen.
There's a dirty little secret in Washington. Both parties want to redistribute wealth and want to use the income tax to do it. In this Chairman's Report, Steve Hayes looks at the unintended consequences of the Biden tax proposals. It's not pretty. There's a much better way--the FAIRtax.
CPAC is a great opportunity to get the FAIRtax message in front of both political and media people. When COVID restrictions forced the conference to move from the DC area to Orlando, it gave the Florida-based FAIRtax Guys a huge chance to promote the FAIRtax right in their own back yard. This is their report of the contacts they made and the results they achieved on behalf of the FAIRtax.
Cryptocurrency was designed to make it difficult for governments to keep track of who owns it. It's impossible for an outside party to determine who was involved in a cryptocurrency transaction. Obviously, governments are fearful that the rising use of cryptocurrency could lead to a decrease in tax revenue. In this week's Chairman's Report, Steve Hayes presents an elegantly simple solution to this problem. Pass the FAIRtax.
The Biden administration has indicated that it wants the IRS to be more aggressive in its pursuit of tax evaders. While catching evaders who are shifting the tax burden onto honest taxpayers can be a good thing, there are plenty of perils awaiting both honest and dishonest taxpayers. Chief among them is the threat of referring cases for criminal prosecution. Honest taxpayers dealing with an unscrupulous IRS auditor could find themselves having to choose between caving in to a bogus demand for payment and facing time in prison. The FAIRtax is the only way to stop these abuses because it's the only tax reform plan that eradicates the IRS.
The COVID pandemic has put millions of our friends and neighbors behind the financial 8-ball. Unfortunately, instead of helping out, the income tax system is adding to the difficulties that many of these people are facing. Steve Hayes explains the outrageous situation, and shows how it would be much better under the FAIRtax.
This week, Steve Hayes pretty much turns the Chairman's Report over to economist Dr. Karen Walby to explain how the FAIRtax rate will be calculated in the years following its initial implementation.
Many people are clamoring for a $15 per hour minimum wage and believe that the best, or maybe only way to get there is by government mandate. However, doing it that way comes with some pretty nasty consequences. However, there is a way to boost wages without harming the businesses that pay those wages. In this week's Chairman's Report, Steve Hayes explains how passing the FAIRtax is really the best way to increase wages for all workers.
If it costs you your peace, it's too expensive. The Federal income tax costs us a lot more than just our peace. Of course, it costs us a significant chunk of our income, but it also costs us our privacy, and in extreme cases, even our freedom. There's no reason for it to even exist except that it provides The Swamp in DC with a way to enrich themselves and to control us in the process. This week, Steve Hayes provides yet another compelling case for replacing the income tax with the FAIRtax.
This week's Chairman's Report looks at some of the Biden administration's tax proposals and looks at how they may drive people to move their money to a place like Puerto Rico where its citizens enjoy some favorable tax treatment. Of course, as always, Chairman Steve Hayes explains why the FAIRtax is the best tax proposal of all.
There's no doubt that the economic impact of the COVID pandemic has been huge. Governments around the world have spent trillions of dollars fighting it. This week, Steve Hayes looks at how the FAIRtax could bind all citizens together to fight our common COVID enemy and increase the probability of success.
When Rob Woodall retired from Congress, that left us needing a new lead sponsor for the FAIRtax. On Congressman Woodall's recommendation, we approached Congressman Buddy Carter of Georgia, and he gladly stepped into the role. In this Chairman's Report, we meet HR-25's new lead sponsor, Buddy Carter.
Tax evasion. American jobs being shipped overseas. Massive compliance costs imposed on American businesses. Highly regressive payroll taxes that hit hardest on those who can least afford to pay them. These are just a few of the huge problems associated with the income/payroll tax system. Well, there's a vaccine for all that and more. It's the FAIRtax. The FAIRtax gets rid of all these problems by getting rid of the income tax. Vaccinate yourself against the income tax. Contact your Senators and Congressmen and demand that they pass the FAIRtax.
In this week's Chairman's Report, Steve Hayes looks at the power of choice as it relates to taxation. With a consumption tax like the FAIRtax, people have the power to choose how much tax they pay. With the income tax, not so much. So, if you'd like to see the power of choice restored to taxation, join us in demanding the FAIRtax.
California's overall taxation level is among the most oppressive in the country and its citizens are responding. Many are leaving the state while others are turning to the constitutional amendment process for relief. This week, Steve Hayes looks at two measures regarding property taxes and the state's exorbitant gasoline tax. Of course, the real answer to their taxation problems is the FAIRtax.
Most people understand that every dollar they pay in taxes is a dollar they can't use to make purchases or pay bills. However, most people have absolutely no clue how much they really pay in taxes. That's because the government keeps the true cost of the income tax system hidden from us. This week, Steve Hayes blows the cover on some of the government's dirty little secrets and explains how the FAIRtax is the answer to making sure people get a true picture of just how much government is costing them.
Texas is one of just a few states that does not have a personal income tax. However, that doesn't mean it can't benefit from having it's own FAIRtax. In an article published in Today's CPA magazine, CPA Jade Walle proposes that Texas replace its cumbersome and inefficient property tax system with a state level FAIRtax. The benefits are many, including a state wide improvement in the quality of public education. Check it all out in this week's Chairman's Report.
As this is being published, the outcome of the Presidential election of three days ago is still undetermined. While both sides are anxiously awaiting a final resolution, it should be noted that regardless of the outcome, we still have a country where we the people still get to decide who occupies the Presidency and who will represent us in Congress. That's good. Unfortunately, we also have a system of taxation that is exceedingly intrusive, unfair and unworkable. That's bad. But, the same thing that makes our country great also gives us the means by which we can throw off the shackles of the income/payroll tax system and usher in the FAIRtax.
Our politicians spend countless hours messing with the tax code when they could be dealing with issues that are really important. In this week's Chairman's Report, Steve Hayes looks at how the Congress Critters use a constantly changing tax code to keep our attention on our own pocketbooks rather than on what the Ruling Class is really doing to us.
In this week's Chairman's Report, AFFT President Steve Hayes puts forth some solid numbers on why more manufacturing jobs would be good for everyone in America, and why losing those jobs hurts everyone.
This week AFFT President Steve Hayes takes a break from the normal routine of promoting the FAIRtax and explains some of the unprecedented things that could possibly happen in the 2020 Presidential Election.
Employees and contractors are treated differently under the income tax. In this Chairman's Report, Steve Hayes looks at the differences and also at some of the problems this has caused. The answer to all these problems? The FAIRtax.
Imagine trying to make a family budget when you don't know what next month's rent, car payment, health insurance payment, or even what next month's paycheck will be. That's the kind of instability we have with the income/payroll tax system. In this week's CR, Steve Hayes looks at how the madness is continuing and how much better it would be with the FAIRtax
On the subject of tax evasion, who are you going to believe? A CPA crunching real numbers, or the Swamp Creatures looking to protect a system that gives them money and power? In this week's Chairman's Report, Steve Hayes presents hard and fast evidence from Jade Walle, a highly respected CPA that shows how dramatically passing the FAIRtax would reduce tax evasion.
President Trump wants to get rid of the Social Security payroll tax. We agree. It is arguably the most regressive Federal tax on the books. Getting rid of the payroll tax has been a feature of the FAIRtax from day one. So, the President is really advocating for one of the principal features of the FAIRtax.
Since the FAIRtax accomplishes something the President is on record as wanting to do, we just have to convince him that enacting the FAIRtax is really the best way to accomplish it.
The Swamp thinks there will be more evasion under the FAIRtax than the income tax. Really?? In this week's Chairman's Report, Steve Hayes points to two studies that show in black and white just how ridiculous that claim is. This is good information that every FAIRtax supporter should be aware of.
The income/payroll tax system is something bank robber Willie Sutton would definitely admire. In this week's Chairman's Report, Steve Hayes explains how the income tax system is used for legalized theft, and how the Swamp has built a foolproof system that lets them profit at our expense regardless of who wins elections.
How many times have you heard that the FAIRtax is a great idea, but it will never pass? In this CR, Steve Hayes looks back at another movement that faced seemingly impossible odds, but succeeded anyway. It can happen again with the FAIRtax.
Joe Biden's plan to increase tax rates and reduce deductions would be disastrous for the economy, but that's not the real problem. The real problem is a crazy, convoluted tax system that can be monkeyed with at will. The lack of stability in the tax code is a major headache for businesses and a real problem for individuals as well. This week, Steve Hayes explains how a predictable, stable tax system like the FAIRtax would help both business and individuals make better financial decisions.
Congress is full of solutions in search of a problem. In this week's Chairman's Report, AFFT President Steve Hayes looks at one such proposal from Kevin Brady regarding commercial real estate. He examines how Congressman Brady's proposal may provide some temporary relief, but doesn't really solve the problem. The real solution, of course, is the FAIRtax.
California's fiscal house is a mess. Oppressive taxation is driving both businesses and individuals out of the Golden State. It's going to take a massive effort to get things back in order. In this week's Chairman's Report, Steve Hayes makes the case that California can reverse the current trends and again make California an attractive place to live and do business if they would adopt a FAIRtax-style consumption tax to replace their state income tax.
The Senators and Representatives that we elect to Congress are supposed to be looking out for our best interests. However, lobbyists exert a tremendous amount of influence over those who are supposed to be representing us by virtue of the tremendous amounts of money they can funnel into campaign coffers. In this Chairman's Report, Steve Hayes names the names of those who have taken in the lion's share of lobbyist money and again explains how the FAIRtax will greatly reduce lobbyists' influence and return Congress to we the people.
In this week's Chairman's Report, Steve Hayes looks at the recent non-decisions by the Supreme Court regarding President Trump's tax returns, then asks the obvious question that no one else is asking. Why should anyone be required to file a tax return in the first place when doing so is a clear violation of the Fifth Amendment?
This week, AFFT president Steve Hayes explains how the corrupt income/payroll tax system is assisting in the economic suicide of thousands if not millions of Americans. It's not a pretty sight and it has to stop. Steve explains how replacing the income tax with the FAIRtax is a matter of economic life or death.
The "Infernal Revenue Code" is full of traps and time bombs that threaten every small business. In this week's Chairman's Report, Steve Hayes points out some of the innocuous, but dangerous language in the tax code and how it can be used against honest business owners.
A quick Independence Day greeting to all FAIRtax supporters and volunteers from AFFT President Steve Hayes.
Unless you pony up some really big campaign contributions, it can be tough for you to get your Congressional Representative's attention when you want to see action on a particular issue. In this week's Chairman's Report, Steve Hayes details a simple plan that takes only a few minutes a week, and it works! So pay attention. Here's a strategy that just might get Congress to move forward on passing the FAIRtax.
Some see Modern Monetary Theory as a dangerous threat to our long term economic health. Others see it as a vital tool in maintaining a vigorous economy. Listen as AFFT President Steve Hayes explains what Modern Monetary Theory is, and how it might possibly aid in passing the FAIRtax.
Estate planning is something most people don't like to talk about because it forces them to imagine a time when they or someone they love are no longer living. However, without proper estate planning, Uncle Sam is primed and ready to help himself to a large chunk of the assets you'd rather pass on to your heirs. The problem is that the rules keep changing. In this Chairman's Report, Steve Hayes explains how the FAIRtax fixes all that by taking the Federal government out of the picture and letting you distribute your estate the way you want to.
In this week's Chairman's Report, Steve Hayes looks at how the income tax code and specifically the Johnson Amendment, has been used to stifle the free speech rights of churches and other tax exempt organizations. Then, we get a look at how the FAIRtax would restore those rights and promote the religious liberty that the country was founded on.
A lot of people are upset at how the government handled the COVID-19 pandemic. In this Chairman's Report, Steve Hayes examines what it takes for people to respect and obey the law, both in general and how it applies to the income/payroll tax system.
Americans owe more that one and a half TRILLION dollars in student loan debt. Many student loans are in default. Part of the reason is the crushing effect of the income/payroll tax system. In this week's Chairman's Report, Steve Hayes looks at how the FAIRtax would play a major part in helping people deal with not just their student loans, but all loans that have to be repaid with after tax dollars.
This week Steve Hayes tackles two subjects. First, he handles some of the common reactions from people who think the FAIRtax rate is too high. Then he pulls back the curtain and reveals how the Ruling Class deceptively hides how much you're actually paying under the income/payroll tax system. This is vital information every solider in the FAIRtax army needs to know.
This week, Steve Hayes shares details from an article written by a CPA regarding a tax break slipped into the CARES Act. While the break in question will help American entrepreneurs start new businesses, it's just another example of how Congress uses the incredibly complicated "Infernal Revenue Code" to control people and make our lives more complicated. The real answer is the FAIRtax.
What lessons have we learned from the coronavirus crisis and how will that change our world going forward? One thing we've seen is just how broken our Federal income tax system is and how much easier things would have been if we had been operating under the FAIRtax.
In this week's Chairman's Report, AFFT President Steve Hayes illustrates how commonly accepted generalities in the Federal tax code would be disastrous in the real world.
Ever wonder why some businesses get sweet breaks that others don't. In this Chairman's Report, Steve Hayes pulls back the curtain to reveal some dirty little secrets, then shows how the FAIRtax is the solution that will make everything work like it should for all of us.
In this week's Chairman's Report, AFFT President Steve Hayes first looks at the impact of this year's coronavirus-inspired filing delay. Then, he examines the history of the income tax in America, and concludes with a clear case for replacing it with the FAIRtax.
AFFT President Steve Hayes continues his examination of how the coronavirus is impacting the US economy. He looks at the CARES Act and shows how the FAIRtax would make it easy to calculate how much the massive rescue package would cost you.
This weeks Chairman's Report continues on the theme of US manufacturing with the focus on how creating more manufacturing jobs in the US will result in higher incomes for everyone, and on how the FAIRtax is the best way to create more manufacturing jobs in the US.
In this week's Chairman's Report, Steve Hayes ties these three seemingly unrelated things together. He examines the consequences of the decline in American manufacturing, why we must reverse it, and the best way to do it.
At first glance, the FAIRtax and the coronavirus are two totally unrelated things. But as AFFT President Steve Hayes explains, the FAIRtax would make it a lot easier to respond to national emergencies where the government needs to get help to people fast.
Foreign investment is vital to the US economy. In this Chairman's Report, AFFT President Steve Hayes explains how the income/payroll tax system is a significant hindrance to foreign investment, then explains how the FAIRtax would make the United States a haven for foreign investment.
In this week's Chariman's Report, Steve redefines the Ruling Class, looks at a bill intended to help small businesses, then explains how the FAIRtax is the ultimate solution for helping small businesses in America.
Most people think they know how much they pay under the income/payroll tax system. They're wrong. In this Chairman's Report, AFFT President Steve Hayes explains why it's impossible for anyone to know exactly how much the income/payroll tax system costs them, and why the FAIRtax is a much better way to fund the government,
AFFT President Steve Hayes explains how every American filing an income tax return and receiving Medicare are actually on welfare.
AFFT President Steve Hayes explains what's wrong with the proposals to levy income taxes on inherited income and why the FAIRtax is a much better way.
Steve explains the problems with the Social Security 2100 bill and why the FAIRtax is the right solution to keeping Social Security solvent.
Steve describes how the income/payroll tax system puts an unnecessary obstacle in the path of small businesses.
The economy is rolling along. Not only is the demand for products and services up, but the demand for workers is up too. And when the demand for labor is up, wages increase. And all of this is a big problem for the Ruling Class in Washington. Listen to this thought provoking report by Steve Hayes, President of AFFT.
Most of us don't need to worry about the GILTI tax but large multinational corporations do primarily because Washington keeps making a complicated tax scheme worse. In their efforts to provide rules for taxing "global intangible low-taxed income" the bureaucrats have made high priced tax consultants happy and US companies frustrated.
Rent seeking has become a popular sport in Washington. In D.C. terms, rent seeking has come to mean seeking an advantage from government that is only available to you or to others similarly situated. And doing it through the tax code is an all too common practice. But what does it mean for the rest of us?
When we explain the advantages of the FAIRtax to someone, they usually nod in approval and then ask, “What is the FAIRtax rate?” You tell them 23%. They ask, “Why so much?” You explain that 23% is necessary to bring in the same amount as the income/payroll tax. The FAIRtax is revenue neutral. But there is much more to the FAIRtax than it's rate. Listen & Learn.
On the 20th day of October, 1864, Abraham Lincoln proclaimed that the last Thursday of November was to be a day of Thanksgiving. When the FAIRtax is passed, Americans will have a lot to be thankful for but the denizens of the Swamp? - Not so much!
Presidential candidate Elizabeth Warren is promising a number of government programs but questions arise as to how she plans to pay for it all. Analysis of her proposed tax reforms reveal insufficient funds. A solution to this problem would be for her to embrace the FAIRtax.
With a state constitutional amendment, Texas has banned an income tax forever. This is a real concern to the Washington power brokers especially considering that Alabama and George are considering the same move. The reign of the income tax may be nearing an end.
How much will the FAIRtax benefit you and your family? David Boone, a FAIRtax volunteer from Minnesota, has created the FAIRtax calculator to help you answer this question. And Steve Hayes explains why there are other important benefits to the calculator.
Every four years we are told by the candidates for President that they are going to provide benefits to every possible group. But how do they plan to pay for it with the current tax system? Listen as we try to answer that very difficult question.
Next year the income received from workers will not be enough to fund the benefits for retirees. Although there are several proposals to fix the problem, only the FAIRtax provides a long term solution.
There is an ongoing debate among economists about how the 2017 tax reform bill impacted the tax burden for the highest earners. The fact that the Washington insiders are spending so much time on this is more evidence we need REAL tax reform - the FAIRtax.
Since many in the Swamp are engaged in the impeachment feeding frenzy, the annual flurry of "tax extenders" has taken a back seat. If lobbyists don't get what they want from the people they believe they bought, they may not be willing to fork over the campaign cash in the future. Troubled times for the denizens of the Swamp.
The denizens of the Swamp like to hand out favors via the tax code. However, very few people are itemizing their deductions which means very few people can get these favors. Why? Because of the 2017 Tax Cuts and Jobs Act. Listen to see how the Swamp shot themselves in their collective foot.
Since cryptocurrencies such as Bitcoin are become more popular and are not controlled by a central authority, the IRS is hyperventilating over keeping track of it's use by Americans. Listen to Steve Hayes explain why all this wrangling is completely unnecessary.
What is the relationship between Congress, the makers of Oxytocin and the income tax code. You're not going to like what you learn in this report which gives yet another reason to replace the income tax with the FAIRtax.
This is the title of a September 5, 2019 article written by Professor Kenneth Rogoff for the Guardian. Working from this article, this week's Chairman's Report makes the case for the FAIRtax replacing the income tax.
Dave Ives is an American FAIRtax supporter who happens to live in Australia. As such, he pays income tax to BOTH countries. He asks the question "Why do we pay taxes?" And you'll be surprised by his answer. Enjoy this thought provoking podcast.
Congress should follow the example of The Business Roundtable. Business leaders must be responsible to their customers and their employees as well as their stockholders. Congress seems to be responsible only to itself. We need a change.
The denizens of the Swamp have set themselves up as a Ruling Class with the US citizens as their subjects. This has happened before in history and eventually, it ends badly for the "Ruling Class." Using the Article V, Convention of the States, the citizens of the US can end the feeding frenzy of the swamp dwellers.
Some people have told me they are now hearing “conservatives” who are upset the FAIRtax is adding another entitlement with the prebate. The answer is NO! The FAIRtax isn't adding an entitlement. Here's why.
The Alabama Economic Freedom Act, aka the Alabama FairTax, is a new way to collect revenue for the state. This report by Mary Lynn Bailey of the Alabama FairTax organization will clear up several mischaracterizations and misunderstandings about the bill.
Yes, getting a tax reform bill passed is like making sausage! Chuck and Mary Lynn Bailey, who head up the Alabama FAIRtax organization, have worked very hard to get an Alabama version of the FAIRtax into their state house. Their hard work has paid off.
Farm tariffs would be much less needed if we had a sane tax system, i.e. The FAIRtax. And as with most other businesses, the farmer can spend more time farming and less time bookkeeping.
This is the video version of the weekly Chairman's Report, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.
Many commentators are pointing out the negative effects on Farmers caused by the “tariff war” with China. Learn how the FAIRtax will help shift the advantage to the United States for our farmers.
The USA was born on July 4th, 1776 in a revolution against the king, government control and tax tyranny. No taxation with representation! Now, over 240 years later, we are due for a tax revolution. It's time for the FAIRtax.
If Bernie Sanders truly wants to help middle class Americans, he will embrace the FAIRtax.
The weekly Chairman's Report, from June 21, 2019, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.
The weekly Chairman's Report, from June 14, 2019, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.
The weekly Chairman's Report, from June 7, 2019, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.
The weekly Chairman's Report, from May 31, 2019, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.
The weekly Chairman's Report, from May 24, 2019, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.
The weekly Chairman's Report, from May 17, 2019, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.
The weekly Chairman's Report, from May 10, 2019, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.
The weekly Chairman's Report from May 3, 2019, written by Steve Hayes, President of Americans For Fair Taxation and recorded by Bob Paxton of the Florida FAIRtax Educational Association.