FairTax: War on Poverty

If we’re going to wage a war on anything it should be a “War on Poverty” in the USA. And the first instrument of destruction should be the FairTax.

According to FairTax.org, under the FairTax “real wages are 10.3%, 9.5%, and 9.2% higher in years 1, 10, and 25”. “Disposable personal income is higher than if the current tax system remains in place”. “Consumption increases by 2.4%”. “The increase in consumption is fueled by the 1.7% increase in disposable (after-tax) personal income”. “By the 10th year, consumption increases by 11.7 percent”, “and disposable income is up by 11.8 percent”. “Over time, the FairTax benefits all income groups.  Of 42 household types (classified by income, marital status, age), all have lower average remaining lifetime tax rates under the FairTax”. “Implementing the FairTax at a 23% rate gives the poorest members of the generation born in 1990 a 13.5% improvement in economic well-being”. “Based on standard measures of tax burden, the FairTax is more progressive than the individual income tax, payroll tax, and the corporate income tax”. “Charitable giving increases by $2.1 billion (about 1%) in the 1st year…by 2.4% in year 10, and by 5% in year 20”. and “on average, states could cut their sales tax rates by more than half”.

What does that all add up to? It all adds up to less poverty in America. In order to wage this war on poverty we need your help in spreading the word. Let’s wage this war on poverty now by pushing the FairTax as far out in front of us as we can. Tell your friends an family to get involved and join us. You can also find FairTax.org on Facebook at https://www.facebook.com/fairtax.org

Related Article: FairTax: Helping the Poor

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Posted in Charity, Fact, Fairness, FairTax, Poor
6 comments on “FairTax: War on Poverty
  1. I believe I’d consider switching to the party that supports this issue(if for no other reason)!

    • I have never seen a candidate who DOES support the FairTax concept who DIDN’T make sense on a lot of other issues, but this support would probably outweigh a lot of other things about which I might not agree. Which is to say, me too!

  2. Seems like a No Brainer to me…..Let honest income earners keep’ more of their income to spend! I would only support the ‘Fair Tax’ IF; There are NO payroll deductions and posibly even a reduced tax rate (or no tax) on food. Add to that requirements that CEO’s & Corporations are not allowed to somehow ‘escape’ taxes for whatever reasons, & more restrictions on off-shore accounts for US and some foriegn businesses. And of course as long as our elected “parasites” aren’t able to skirt this as well……..

    • Keith, with the exception of your food comment (“and possibly even a reduced tax rate (or no tax) on food”) the FairTax does all that.

      As for the food comment, the FairTax does more than that. It actually untaxes all necessities up to the poverty level for every American Taxpayer.

      By just untaxing food, you’re providing loopholes that allow lobbyists and politician to game the system. The monthly tax rebate (“the Prebate”) gives you back the taxes you’re estimated to pay on your necessities. This not only untaxes the food you need to survive for the month, it untaxes other necessities as well. You can learn more about the prebate here: https://fairtaxer.wordpress.com/fairtax/the-fairtax-prebate/

  3. Brandi El Guemra says:

    After reading The Fairtax Book, I’ve talked to people from all spectrums of the political scale and managed to convince everyone of them that the Fair Tax is the way to go. It is clear, once people understand THE TRUTH about the Fair Tax, they fully support it. I vow to tell as many people as possible about the Fair Tax.

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