There is a way to abolish the IRS and not ever be required to file another personal income tax return; or corporate return for that matter! Every dime you earn would be in your paycheck; no taxes withheld. It is within your power to make it a reality!

There is a tax bill before Congress right now that would abolish the IRS and eliminate corporate taxes, personal income taxes, estate taxes, the death tax, etc. It's known as the FairTax Act and I am here to tell you not only is it fair, it would without a doubt solve our country's economic woes in short order. I want to start by saying that The FairTax is violently resisted by a vocal minority exactly because it will do what it promises in eliminating the IRS, the greater than $300 billion in tax return filing costs, and the blatant corruption of the current system. Here's a brief overview of what it is all about.

What kind of tax is the FairTax?

The FairTax is a consumption tax that is charged when you buy something new. It is a transparent tax: that means the tax will be printed on your receipt in plain view so you can see it.

Currently you are paying the same taxes when you buy something, but they are hidden in the cost of the item all along the manufacturing line from the raw materials to the packaged end product. Those are called embedded taxes because they are not seen on your receipt. Under the FairTax Act, you would pay the same price for a loaf of bread, but the loaf would have a lower shelf price and the tax would be added at the cash register and printed on your receipt.

Is the FairTax actually fair?

Yes, the FairTax is fair. In fact, it is really much fairer than the income tax. You get to control how much tax you pay simply by deciding which items you are going to buy. Wealthy people spend more money on more expensive items than other individuals. The FairTax will tax them on those purchases.

Illegal aliens and tourists, who currently pay no taxes, would pay their fair share of taxes every time they buy something. Anyone who gets cash income and never reports it on their income tax return would have to pay taxes on their income at the cash register when they use it to buy something. Yes, the government would still get as much tax revenue as they do now, but the cost of running the government would be a lot less.

The FairTax would have a very positive effect onthe U.S. economy.

With the penalty for working harder and producing more removed, American companies will experience a new wave of economic growth and business expansion. Hidden taxes disappear, Americans are able to save more, and companies invest more. The FairTax, as proposed, would bring American companies back home because it would not be an advantage to have U.S. companies in foreign countries paying low wages to workers for jobs that Americans should be doing here at home for fair wages.

Workers would bring home all that they earn.

the FairTax would put more money in the pockets of every American by eliminating the income tax. There would be no deductions from what you earn to pay federal taxes, Social Security or Medicare. If you earned $100 you would get paid $100. Companies would no longer be saddled with paying added taxes on employee wages for Social Security/Medicare.

The FairTax has a positive effect on Social Security/Medicare.

There would be plenty of money available for both these programs under the FairTax. Like the rest of the federal spending programs, Social Security would run exactly as it does today, with the exception that its funding would come from a consumption tax, instead of a payroll tax.

Companies that employ workers would continue to send in reports of the wages they pay to individual employees to the Social Security Administration only for the calculation of benefits. The transition to a reformed Social Security system would be eased while ensuring there is sufficient funding to continue promised benefits.

The FairTax shields low-income and lower-middle-income families and individuals.

in the FairTax Plan, poor people pay zero net FairTax up to the poverty level! Every citizen or household receives a monthly prebate check equal to the FairTax paid on crucial goods and services [groceries and medicine], and every wage earner is no longer subject to the most oppressive tax of all, payroll taxes.

The FairTax protects senior citizens.

Seniors do very well under the FairTax. Low-income seniors are much better off under the FairTax than underthe current income tax system. There are some who mistakenly believe that people who live only on Social Security pay no taxes. Those people might not know it, but they are paying hidden corporate income taxes and employer payroll taxes whenever they purchase something. Under the FairTax, seniors pay $0.23 out of every dollar they choose to spend on new goods. Plus, seniors, like everyone else, will receive the monthly prebate check, in advance of purchases, for taxes paid on the cost of necessities.

Yes, The FairTax CAN really be passed into law! The FairTax has undertaken to build a grassroots movement and grassroots alliances to support the effort. But, this will only happen when the American people rally behind the effort, throw off the chains of income tax bondage, and demand that Congress correct 90 years of wrongs done by the income tax.

Do this RIGHT NOW to make sure this bill gets passed.

First, go to the website FairTax.org and sign the petition to let Congress and the President know that you want this bill passed into law. When visiting the FairTax website, view the congressional scorecard to see whether your state congressional representatives support this bill. If they don't, send them a letter and tell them that you want them to vote for passing this bill and that you will be watching this scorecard to see how they stand come election time.

Second, buy and read The FairTax Book: Saying Goodbye to the Income Tax and the IRS by Neal Boortz and Congressman John Linder. You need to understand what this bill actually says. The book is easy to understand. Then pass it on to a friend to read and ask them to pass it on, too.

Sandra Simmons, President of Money Management Solutions, has years of experience helping professionals and private individuals manage their income to achieve their financial golas. To learn more about the Money Management Software she created, watch the FREE 5-minute demo video on her website at www.MoneyMgmtSolutions.com