FAIRTAX BENEFITS YOUNG AND LOW-INCOME FAMILIES

Well, I don’t know about you, but I have had it up to my ears in investments, stocks, bonds, corporations, etc. If you want to learn more about that stuff, go into www.fairtax.org and check out the research papers. They have loads of information. As for me, I am more interested in the benefits for young working families, low-income families and fixed income families. I say “what’s in it for me?”.

The young working families represent my children and grandchildren. The fixed-income families represent my husband and me. The low-income families represent the people on welfare and the minimum-wage earners. For all of us, the following applies:

1. No more payroll withholding taxes. Take home 100% of your paycheck. You are no longer burdened with the prospect of paying out all that money in Social Security taxes that you are told you will never see.

2. No more income taxes withholdings, so paycheck-to-paycheck families can take home 100% of their paycheck. No more records to keep, returns to file, tax preparers to pay, or IRS audits to endure.

3. Every family can purchase the necessities of life tax free via the tax pre-bate that exempts all spending up to the poverty level, determined by the Department of Health and Human Services. Even the rich get this pre-bate so the system will be fair and equal to all and the politicians will not be able to start messing around with the FairTax like they have with the income tax.

4. The FairTax ends the sham of corporate taxes – the government levies taxes on business. Business “pays” such taxes by raising prices to consumers, lowering the wages paid to workers, or by lowering dividends paid to shareholders. Notice who gets the shaft here…………….we all do. No more hidden taxes with the FairTax.

5. Used products are not taxed, thereby reducing the tax burden on spending above the poverty level. This means you can buy a used car, a used home or go to your neighborhood garage sale and buy used merchandise, all tax free! The rich and the more affluent will be buying the new stuff, as they always have, and low and behold, they will buy more because they too will have more dollars left to spend.

6. Now you had better go back and study up on those investments, stocks, bonds, and such, because now even we can afford to buy those things!