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What Is the FairTax? - by - The Heartland Institute |
 | | The FairTax, pending in Congress as HR 25 and S 1493, is a non-partisan proposal that would abolish all federal income taxes, including payroll, self-employment, alternative minimum, income, capital gains, corporate, and death taxes, replacing them with a simple, visible, federal sales tax. |
 | | FairTax advocates say it is a fair, efficient, and intelligent solution to the frustration and inequity of our current tax system, which particularly burdens poor Americans and fixed-income retirees. |
 | | The FairTax proposal includes specific protections for those Americans, including ending the narrow, regressive Social Security tax, ending income taxes, and beginning a rebate to zero all federal taxes for Americans (with a legal Social Security number) whose annual incomes are less than poverty level. |
| www.heartland.org /Article.cfm?artId=14584 (208 words) |
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