The FairTax is a plan for every American, no matter what his or her income might be. Specifically, the FairTax would repeal all Federal corporate and individual income taxes, payroll taxes, self-employment taxes, capital gains taxes, the death tax, and gift taxes – and replace them with a revenue-neutral personal consumption tax. Overnight, the FairTax would allow individuals to keep 100% of their income without the government first taking a penny. Overnight, we would eliminate the IRS from the lives of all American workers.

• Transparency: Under the FairTax, every American will pay the same percentage of tax on every new item they purchase.

• Simplicity: The FairTax would eliminate the frustrating mess and hassle of exceptions, exemptions, deductions, and credits that Americans suffer through each April.

• Fairness: Every American is treated the same.

• American Dream: The FairTax would allow every American to achieve the American Dream. Hard-working Americans would keep their entire salary and pay taxes on their terms.

• Freedom: We would abolish all of the power that Congress has today to manipulate you through the tax code, and we would transfer that power to the individual, from whom it was stolen and to whom it rightfully belongs.

The promise of the FairTax is an American economy that can continue to grow and thrive in the 21st century. To learn more, please visit the FairTax website at http://www.fairtax.org.”

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