The Fair Tax Updated

In an earlier post, the importance of the Fair Tax was discussed in some detail. That's a good post to read if you haven't seen it yet.

Cutting to the present, we are eight months or so away from a major election. Not just a president will be elected, but every seat in the House of Representatives is up for grabs as well as 33 seats in the Senate. Many governor and state positions are also on the ballot. This will be a huge election.

The idea of ALL forms of income tax being eliminated; with no IRS; no April 15th tax filing day; no preoccupation with how to do something in our lives based on how much tax we'll pay — the idea of ALL of this (and much more) being replaced with a fair national sales tax that will dramatically improve this country's economy — this idea has grown tremendously since The FairTax bill was introduced in Congress a few years ago.

With so much on the line, it is not a surprise that there are critics of this method of collecting taxes. It is my belief critics fall into one of two categories:

1. Those who have a vested interest in keeping the 67,000 pages of the IRS Tax Code around. They receive some kind of benefit keeping the current system in place.
2. Those who have not taken the time to find out exactly what The FairTax is.

For those who fall in the second category, read the first book that came out on this extremely important subject: The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS. Don't listen to what I'm telling you. Don't listen to what others are telling you. Read and examine the information directly. Then come to your own conclusion.

For those who fall in the first category, well, my asking you to read up on this may fall on deaf ears. Nevertheless, I recommend you read the follow-up book: FairTax: The Truth: Answering the Critics. If you give this book a thorough read and have a reason NOT to implement this tax system, please leave a comment here for all to see.

If you're familiar with the FairTax, you understand why I am posting about it on a blog entitled "Small Business Success." The advantages to a small business owner with the FairTax in operation are enormous.

You can also go to the FairTax web site and find out more. This method of collecting taxes will come about. It's only a matter of whether it's in time...