Book Review Older-35th

Review of The Fair Tax Book

Neal Boortz & Congressman John Linder wrote The Fair Tax Book in August 2005. Reagan Books published the book.

In any town, in any state, and in any section of the United States of America there are groups who believe in the idea of instituting a fair tax system. This proposes that there would be no more taxes taken out of our paycheck, leaving each penny in our pocket. It would also eliminate the need for the Internal Revenue Service. A simple across the board 23 percent retail sales tax will replace the current federal income tax withholding system.

According to the writers, there should be no noticeable increase in most prices because most retailers have so many embedded taxes in the prices that are already being paid, that once these embedded taxes are abolished with the new plan, some prices may even be lower, even with the sales tax. Never fear, the government will continue to fund Social Security, Medicaid, Medicare, Disability, and the other programs with this sales tax.

The Fair Tax plan also has in place the means to make life easier for the lower-income families. Every person in America will receive a monthly pre-bate check that is calculated for each family to cover the necessities of life. The government determines this yearly and bases the check on the national poverty spending level.

          In this country, we have so many people who never pay taxes from people who make enough to send their money out of the country to banks with minimal taxing to the criminals who just fly under the radar and do not pay a dime. With this plan, all of these people and any others would pay the same taxes as everybody else, bringing more money into our economy.

Yearly tax refunds would be no more, but every paycheck every person would have all of their money. Tax refunds are and always have been a sucker bet. You are only getting your own money back. Money the government has used for a year and gotten interest on. Have you ever gotten an interest payment on your money that you overpaid the previous year?

          There are so many other points that are provided by these writers and I can’t cover each one. The points noted above and all of the others throughout these few chapters make this book a must read. The book is entertaining as well as informative. This plan does not mean we won’t all still pay taxes in support of our country, but it is showing us a better way to support our own way of life. Don’t discount it before you try it.