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  • The 'Fair Tax'

    04/18/2006 10:26:47 AM PDT · by Eaglewatcher · 153 replies · 1,733+ views
    American Chronicle ^ | April 17, 2006 | Congressman John Linder
    In Congress today is a tax reform bill called “The FairTax.” I want to tell you a little about it and then tell you why it is important for the immigration debate. The FairTax would institute a national retail sales tax and eliminate the personal income tax, the payroll tax, and the taxes hidden in business but paid by the consumer. It replaces all of these taxes with a 23% tax on personal consumption, meaning that out of every dollar spent by consumers, 23 cents will go to the tax man and 77 cents will go to the merchant. This...