Last week, the FAIRtax Guys explained why putting exemptions into the FAIRtax for necessities like food and medicine is a bad idea.

This week, the Guys expand on the functions of the FAIRtax prebate.  It’s a concept not found in any other consumption tax, so it’s natural that some people could have questions about what it is (and isn’t), and how it works.

Some people who are concerned about the regressivity of a consumption tax like the FAIRtax have suggested that the FAIRtax should contain exemptions for necessities like food and medicine.

This week, the FAIRtax Guys look at the SNAP program as an example of what happens when the government tries to define what “food” is, and they explain why the FAIRtax prebate is a much easier, and fairer way to ensure that no one pays the FAIRtax on their basic necessities.

The Tax Foundation is an international research think tank based in Washington, D.C. that collects data and publishes research studies on U.S. tax policies at both the federal and state levels.

This week, the FAIRtax Guys look at a Tax Foundation article from October of 2023 comparing the income tax to consumption taxes like the FAIRtax.

A recent poll showed that most people across the entire political spectrum support the idea of replacing the income tax with a different system of taxation.  That’s good news for the FAIRtax, but how do build public demand for that change?

This week, the FAIRtax Guys welcome Florida FAIRtax Educational Association president Paul Livingston to discuss our press release program and expound on how our release on this particular subject is performing.

What happens when you ask an artificial intelligence application to evaluate the FAIRtax?  Of course, it depends on which application you use and how you word the question.  It also depends on what sources the application uses to formulate its answer.

Recently, the FAIRtax Guys asked Microsoft’s Copilot AI application to list the pros and cons of the FAIRtax.  It did a pretty good job with the pros, but missed the mark a bit with the cons.  This week, the FAIRtax Guys offer Copilot some gentle correction on some points about the FAIRtax that it didn’t get just right.

President Trump’s Big Beautiful Bill has been signed into law a lot faster than a lot of people expected.

This week, the FAIRtax Guys welcome AFFT president Steve Hayes to the program to go over what’s in the new law relative to taxation, and look at how the FAIRtax moves forward from here.

FAIRtax advocates continue to be active across several social media platforms.  As you might imagine, the idea of replacing the income tax with the FAIRtax continues to generate a wide range of responses.  Many people think it’s a great idea while others are not so sure.

This week, the FAIRtax Guys look back at some FAIRtax postings on social media and the responses they generated.

The recent poll about people’s opinion on replacing the income tax with a national retail sales tax has a rather surprising result.  Only 49% were at least somewhat confident that a national sales tax would help reduce illegal tax evasion while 36% didn’t think it would help much if at all.  That’s rather amazing given the fundamental differences in how a sales tax is collected vs. the income tax.

To that end, the FAIRtax Guys revisit the study done by CPA Jade Walle in September of 2020 that concluded that switching from the income tax to the FAIRtax would reduce illegal evasion by 95%.

President Trump made a really interesting pick when he selected former Missouri Representative Billy Long to be the new IRS commissioner.  When he was in Congress, Representative Long cosponsored the FAIRtax, making him the only IRS commissioner who’s on record as wanting to abolish the IRS.

Having received Senate confirmation, Mr. Long is now talking about looking to the private sector to find ways to modernize the IRS.  While that may sound like a good idea to some, the FAIRtax Guys point out some real dangers a modernized IRS presents to the American taxpayer.

Over the past several election cycles, the polling industry as a whole has struggled to accurately measure real public opinion.  However, one polling organization seems to have found a way to produce surprisingly accurate results.

This week, Jade Walle joins the FAIRtax Guys to discuss a poll that organization did regarding public opinion on taxation.  While there are areas where FAIRtax supporters definitely need to pick up their game, the overall result is definitely encouraging.