Chairman's Report

This week's Chairman's Report is a reprint of an article written by Chad Hagen and published in the Epoch Times. In it, Mr. Hagen conclusively shows how the FAIRtax will benefit Americans of all income levels.

Some of the country's largest and most well-known tax preparation companies have been caught red-handed selling their customers' sensitive financial information to Facebook. Unfortunately, this is just one more example of how our personal, confidential information isn't so confidential. There's only one way to stop this kind of abuse--enact a tax system that doesn't require us to submit our sensitive information to the government. Pass the FAIRtax.

A recent study by the Stanford Institute for Economic Policy Research found that black taxpayers were 2.9 to 4.7 times more likely to be audited by the IRS than non-black taxpayers. That's just one more reason why the corrupt an incomprehensible income tax system should be replaced with the FAIRtax.

This week's Chairman's Report is based on an article written by Jeff Carter. Jeff has an impressive list of credentials as a successful businessman. See why he thinks that the country would benefit greatly if the income/payroll tax system was replaced with the FAIRtax.

This week's Chairman's Report is guest written by John Linder, the original sponsor of the FAIRtax bill in the House. John first exposes some of the dishonesty that opponents are directing at the FAIRtax. Then, he does the math and proves that the FAIRtax is a better deal for taxpayers than the income tax.

The FAIRtax has been promised a vote in the House and the establishment is scared. They're doing all they can to attack the FAIRtax, and the media is spreading their criticisms across the entire country. The problem is that they're not telling the truth, the whole truth and nothing but the truth. This week AFFT president Steve Hayes unmasks the lies and deception surrounding the FAIRtax.

This week's Chairman's Report is guest written by David Weber. David represents Maryland on the FAIRtax Board of Governors. David examines how the IRS fails the Diversity, Equity and Inclusion test miserably, while the FAIRtax passes it with flying colors.

A new CBO report indicates that Social Security is going broke even faster than we thought. An increasingly smaller number of workers is having to support an increasingly larger number of retirees. There's only one way to really fix the problem. Extend the tax base from just those working for a paycheck to everyone whose spending exceeds the poverty level. In other words, pass the FAIRtax.

In order to catch an admittedly small number of tax cheats, the IRS is going to impose draconian reporting requirements on all of us who receive payments through online payment services like PayPal and Venmo. If you receive just one payment for over $600, you'll get a 1099-K for the amount you receive. That's true even if that payment is for a transaction on which you actually incur a loss. It's just another way the DC elites are seeking to exert control over us, and another reason why we need to replace the entire income tax system with the FAIRtax.

This week's Chairman's Report is guest written by CPA Jade Walle. In it, he addresses a question that's often raised about the FAIRtax concerning demand for new products. Since the FAIRtax taxes only new goods, there is fear that demand for new goods will dry up as people begin buying used goods in order to avoid the tax. Listen as Jade explains why this fear is unfounded.