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The FairTax

Simplicity — one rate for everyone; no tax filings
Fairness — is progressive, protecting the poor through a tax rebate on the necessities of life; no loopholes, therefore everyone pays the same rate on every purchase
Visibility — any change in the tax rate shows on every cash register receipt

And in addition, the FairTax produces the following:
It lets every worker keep their entire pay check — no payroll or income taxes
It allows those at/below the poverty level to have zero or negative taxes
It lets retirees keep their full pension or Social Security checks — untaxed
It lets everyone keep their capital gains and investment income — untaxed
It encourages savings and investment — creating greater national growth and productivity
It encourages repatriation of wealth from tax havens providing much needed capital to fuel
the growth of our own economy
It stimulates exports — leading to greater U.S. employment
It stimulates economic growth and job formation
It eliminates gift and inheritance taxes
It taxes spending of gifted and inherited wealth more fairly
It has a lower cost of enforcement
It makes the federal tax rate very visible, and therefore, politically risky to increase
It ends all personal and corporate income tax filings
It eliminates the IRS and frees $8 Billion
It frees the $250 Billion tax accounting/law industry for more productive employment
It eliminates tax loopholes — no filings, no exemptions, no loopholes