More On The Fair Tax Act Of 2023
The Reader’s Digest version of the act is that it eliminates federal corporate and individual income tax, payroll taxes that tie into social security and Medicare, estate tax and gift tax. In their place there will be a federal sales tax on most goods and services consumed in the United States.
What The Proposed ‘FAIR Tax’ Really Looks Like
U.S. Rep. Earl “Buddy” Carter (R-GA) has introduced the FairTax Act of 2023. Much of the commentary on the bill, including mine, has been about whether it is a...
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.