Posts Tagged ‘No IRS’

Photo Credit: Sizemoresr

FairTax

Come and dream with me for a minute.

April 15^th has come and passed and I didn’t file a tax return this year.The Fair Tax legislation has passed and the IRS and the 16^th amendment to the US Constitution that imposes income tax deductions on employees and employers has been abolished for about a year now. I don’t worry about April 15^th anymore. Filing tax returns and worrying about the IRS is a relic of the past. My life has changed since the FairTax legislation was enacted.

The first things that I noticed about the Fair Tax plan were the cash register receipts. The prices of products dropped about 20-25%, but there was a national sales tax listed along with the state and local sales taxes. We are still paying the same thing we always have, but now it includes the new national sales tax. With the old tax plan the cost of employment taxes were hidden in the cost of the product, the Fair Tax brings it out into the open.

Read the rest of this entry »