The IRS assures us that the financial data we submit on our income tax returns is held in the highest confidence. Unfortunately, the reality is that our confidential data is a LOT less secure than the IRS would have us believe. In an eye-opening Chairman's Report, AFFT president Steve Hayes looks at just how loosely the IRS is guarding our most personal private data.

In this week's Chairman's Report, former Congressman and original FAIRtax sponsor John Linder answers several common questions about the FAIRtax.

Artificial intelligence is becoming more and more a part of our lives. Today's computers are simulating human intelligence in a way undreamed of just a few years ago. But one thing remains constant. Computers can't actually think. They have no emotions. They can only objectively evaluate known data. Recently, AFFT board member Randy Fischer asked ChatGPT what it thought of the FAIRtax. The answer was quite revealing. Check it out in this week's Chairman's Report.

Elites and ordinary Americans have vastly different levels of trust in the government--around 16% for ordinary Americans up to 89% for Ivy League super-elites. With government made up largely of elites who covet as much control over our lives as they can get, it's no wonder that they want to keep the income tax system in place.

The FAIRtax would not only be simpler, fairer and much less expensive to administer and enforce, it would transfer real power from the government to the people and show everyone just how much the government is costing us.

The DC elites are desperate to keep the corrupt income/payroll tax system in place. To do this, they deliberately distort the truth about just how bad the system is for the American taxpayer. One particularly hideous thing they do is conceal just how much we pay in taxes. In this week's Chairman's Report, Steve Hayes calls them out on their dishonesty and shows how the FAIRtax is a much simpler and much more honest system.

State governors know that reducing or even eliminating a state's income tax is the best way to attract new people and new businesses to the state. Unfortunately, many try to make up the lost revenue by increasing the state sales tax. That shifts the tax burden down to those on the lower end of the income scale and has led low income voters to oppose candidates who want to lower state income tax rates. Fortunately, there's a way to sell lower income tax rates to this constituency--a state level FAIRtax.

This week's Chairman's Report is guest written by AFFT Board member Randy Fischer. In it, Randy examines both the FAIRtax and the income tax from a moral perspective.

Donald Trump says that if he's elected, he wants to help American businesses compete with foreign competitors by imposing tariffs on foreign produced goods. In all likelihood, that would start a trade war that would make consumer products more expensive all around the world. There's a better solution, the FAIRtax.

A jury has awarded two Georgia election workers a sizable judgement in their defamation lawsuit against Rudy Giuliani. One would think that financially, the ladies would be sitting pretty while Mr. Giuliani would be hurting. Surprisingly, that's not necessarily that case thanks to the many twists and turns in the Internal Revenue Code. AFFT president Steve Hayes explains in this week's Chairman's Report.

In this week's Chairman's Report, Steve Hayes explains the similarities and differences between the FAIRtax and the Value Added Tax.