House Bill - Repeal The Income Tax, Abolish The IRS,
- & Install National
- Sales Tax
- By Cat Lazaroff
- 3-25-00
Hearings by the U. S. House Ways and Means Committee will begin on
April 11 on the FairTax Bill.
- http://www.theorator.com/bills106/hr2525.html
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- 106th CONGRESS 1st Session
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- H. R. 2525 To promote freedom, fairness, and economic opportunity by
repealing the income tax and other taxes, abolishing the Internal Revenue Service, and
enacting a national sales tax to be administered primarily by the States.
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- IN THE HOUSE OF REPRESENTATIVES
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- July 14, 1999 Mr. LINDER (for himself, and Mr. PETERSON of Minnesota)
introduced the following bill; which was referred to the Committee on Ways and Means
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- A BILL To promote freedom, fairness, and economic opportunity by
repealing the income tax and other taxes, abolishing the Internal Revenue Service, and
enacting a national sales tax to be administered primarily by the States.
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- Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
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- Pull up the webpage and read the entire Bill ----- http://www.theorator.com/bills106/hr2525.html
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- Fair Tax Act of 1999- H.R.2525
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- From Mike Ford 3-24-00
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- The most significant tax proposal in 87 years --- and the most
well-researched in history.
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- Fair Tax Act of 1999- H.R.2525
http://www.theorator.com/bills106/hr2525.html
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- Hearings by the U. S. House Ways and Means Committee will begin on April
11 on the FairTax.
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- The FairTax (H.R. 2525, the Linder-Peterson Fair Tax Act of 1999) is a
national retail sales tax on new goods and services at the final point of sale for
personal consumption above the poverty level. Used goods are not taxed.
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- The FairTax is the best choice for all Americans. It will eliminate the
complexity and injustice of our current system entirely --- by repealing the federal
income tax and all federal payroll taxes. The FairTax will replace them with a simple 23%
federal retail sales tax on new goods and services --- with a universal rebate for all up
to the poverty line.
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- The FairTax will: Repeal the federal income tax, including capital gains
taxes. Repeal corporate and self-employment taxes. Repeal all payroll taxes including Soc.
Sec. and Medicare taxes. Repeal all estate and gift taxes. Repeal the 16th amendment to
the Constitution that authorized taxation of income. Provide a universal rebate equal to
the sales tax paid on essential goods and services to ensure that no American pays taxes
on necessities.****** Impose a 23% tax inclusive rate on the purchase of new goods and
services in the U.S.
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- The FairTax won't: Cause prices to rise. Decrease government revenue.
Unfairly burden the poor or elderly. Unfairly burden retailers. Be structured as a VAT.
Provide tax loopholes of any kind.
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- Actions to be taken: 1. Visit http://www.fairtax.org and get informed.
2. Then do what you can.
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- Mike Ford, Initiative for Texas 1750 Timber Ridge Road #116 Austin,
Texas 78741-5574 web - http://www.initiativefortexas.org Voice: (512) 347-1470 Fax: (512)
447-2381 E-mail Mike Ford <mford@io.com
- _____
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