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Learn About the FairTax
(Forrest K Harstad)
I’d like to explain how the FairTax will be one of the greatest boons to homeownership and the home construction industry in the history of America.
I have been a Realtor since 1975 and a home builder/ developer since 1980 in the metro area of Minneapolis/St Paul, Minnesota.
First, the FairTax eliminates the imbedded expenses [...]
FairTaxKC is now appearing on KMBZ Radio 980 AM in the Kansas City area on Peter Newman’s Money Line Show on Saturdays from 11:45am to 1:00pm. Peter Newman is Kansas City’s TAX MAN. He is widely recognized as the most respected Income Tax CPA in the Midwest. He is an ardent supporter of the FairTax [...]
In her testimony before Congress, Nina Olson, the National Taxpayer Advocate, said the following regarding the impact of noncompliance on taxpayers, in general: “If we divide the 2001 net tax gap estimate of $255 billion by 130 million individual taxpayers, we can see that each of those taxpayers in 2001 paid, on average, an extra $2,000[...]
The FairTax proposal is a comprehensive plan to replace federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security/Medicare, self-employment, and corporate taxes. The FairTax proposal integrates such features as a progressive national retail sales tax, dollar-for-dollar revenue replacement, and a rebate to ensure that no American pays such federal taxes up to the poverty level.
