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Even if you already know and support the FairTax, this book is a must-read.
First it describes how the FairTax came about, a question that comes up often in discussions! This is no fly-by proposal. On the contrary, it is the result of a 10-year study by major economists from universities like Stanford, Harvard, Rice, MIT, and more. The book names names: Who paid for the study and why, what they're doing now and what they plan to do.
Americans for Fair Taxation has a lot of information on their website but this book has even more. Here you'll find a collection of articles, charts (rebate calculations,comparisions of all kinds, estimates, costs, etc.), letters, studies and results.
There's a great chapter on the "Impact of the FairTax on Interest Rates" that will make everyone sit up and take notice,
There are sections on how the FairTax will impact businesses like home builders, financial services, mining, oil and gas, and more -- even... read more
I've read the book, looked over all the research, and have come to the conclusion that nothing is guaranteed in this world. So the Fair Tax is not perfect - so what? The income tax, on top of being unwanted by the founding fathers, is patently unfair and has more flaws than there's time to name. The Fair Tax IS the closest to perfection we have and it can continued to be tweaked right up until enactment (as long as the primary features are retained).
As for the comment I read about government spending being the real culprit - yes, it is. But if the government were serious about balancing the budget, they could do so easily by actually enforcing the collection of income tax. If government did they might even be able to adjust the existing income tax brackets downward because there would be an instant and huge surplus. So why not take the government mostly out of the equation, and thus the temptation away, so that market forces can determine how much the Fair Tax will... read more
It is indeed America's best kept secret. A few pages into this book you will wonder how come this tax reform bill didn't get voted into law yet. The author describes the H.R. 25 bill that proposes the FairTax tax reform and presents a list of extensive research papers that explain how it will affect the American economy. In addition this book is an easy and enjoyable reading.
I am convinced.
A must read for every American tax payer and voter.
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