FairTax Act
The FairTax Act is a US bill that calls for the abolition of all federal taxes (including income tax ), levies and (social) insurance contributions and the introduction of a uniform national sales tax as the only federal tax. To ensure a kind of tax progression , an amount should be paid out to each household every month, which corresponds to the sales tax (FairTax) to be paid on the goods necessary for the subsistence level.
All other taxes would then be the responsibility of the individual states .
Prominent supporters of the FairTax Act include US Senator Saxby Chambliss and former (Republican) US presidential candidates Mike Huckabee and Ron Paul .
In 2005, President Bush commissioned an advisory body to investigate the implementation of a "FairTax". The committee examined different types of implementation but came to the conclusion that the "FairTax" does not appear to be desirable due to difficulties in enforcement and administration. In particular, it was calculated that tax evasion and evasion in the current tax system could amount to up to 15%, but with a switch to the "FairTax" tax evasion and evasion of 15-30% can be expected.
Presidential candidates John McCain (Republican) and Barack Obama (Democrat) do not support the "FairTax" bill. McCain said he would sign a bill to that effect if Congress passed it.
Individual evidence
- ↑ How fair is the FairTax
- ↑ Final report ( Memento of the original from August 15, 2006 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
