Free Republic

A Battlefield for Tax Reform There are a few significant battlefields in the war for tax reform. One of them is Free Republic. What makes the Free Republic battlefield significant is that the debate is at the cutting edge. The debate on Free Republic is the most current and most knowledgeable. It is a year ahead of other significant battlefields (radio talk shows, political town-hall meetings, conversations among neighbors and coworkers.) The trend on Free Republic with respect to tax reform is going to show up in the real world. Free Republic is a tiny segment of the world, albeit...

About the Petition: It contains more than 55,000 pages … It is so complex that even those who wrote it don’t fully understand it. The “it” is the federal tax code, and more and more Americans are demanding that the time has come to abolish the IRS in favor of a “Fair Tax” system.

The Fair Tax Act of 2005 – HR 25/S 25 plain English summary The Act is called the “Fair Tax Act of 2005.” As of Dec. 31, 2006, it repeals all income taxes and payroll taxes, specifically: *The individual income tax (including capital gains taxes and the alternative minimum tax) *The corporate income tax *All individual and employer payroll taxes including Social Security, Medicare and federal unemployment taxes *The self-employment tax (a self employed person pays both the individual and the employer portions of Social Security and Medicare taxes) *The estate and gift tax Effective January 1, 2007 it replaces...