House of representatives, adds political understanding. Refuting continuing article v convention lies freedom outpost. May 15, 2014 the fair tax is a serious tax reform proposal with much to recommend it. Discussions about tax reform usually address three issues. Oct 22, 2019 the fair tax plan is a sales tax proposal to replace the current u. Orders placed online are for the new 2020 tax year editions. The fairtax is a tax reform proposal for the federal government of the united states that would replace all federal taxes on personal and corporate income 1 with a single broad national consumption tax on retail sales. But there is a lot of information crammed in there. Leo was a gentleman and a scholar whose knowledge, wisdom and vision have been gifts. The plan replaces them with a federal retail sales tax of 23% to be. A 23percent of the taxinclusive sales price sales tax is imposed on all retail sales for personal consumption of new goods and services. The fair tax got started like this, linbeck told me.
His 180page polemic for radical tax reform, the fairtax book, made its. Sep 11, 2007 sometime later the guy in texas, who was not a scientologist, became involved with leo linbeck and robert mcnair. Laurence kotlikoff, professor of economics, boston university. To order previous tax year editions please call 18669195277 to check availability. The plan replaces them with a federal retail sales tax of 23% to be administered by state sales tax authorities. Most of the books content is related to economic growth and cost of compliance. The fairtax is a simple, fair and transparent solution to replace our current federal tax system. I will support the fair tax when its backers tell the truth. Nov 02, 2012 the expert panel consisted of americans for fair taxation chairman leo e. Its called the fed eral income tax, and its arch hench.
The chairman of afft, leo linbeck, stated that americans have to pressure. His books on taxation include 100 million unnecessary. Economic growth, cost of compliance, and irs abuse. The chairman of afft, leo linbeck, stated that americans have to pressure the government to come up with a better way of taxation, he. Leo linbeck, afft chairman and ceo, stated as a founder of americans for fair taxation, i can state. Theres also a chance this could tie the bilderbergs into the fair tax organization and its not just leo e. The organization hired experts to look into an idea for a better tax system, they spent 23 million dollars in coming up with the idea of the fair tax. The expert panel consisted of americans for fair taxation chairman leo e. Furthermore, it takes two to cheat on a sales tax, and just one to cheat on an income tax. Actually, his father who passed away recently, began that scheme, but his son, linbeck iii, is still in the fair tax game, only this time through the cos article v proposition. The push to scrap income taxes and the irs is gaining fans. Their findings were combined into a book, the fairtax book. Collection points drop from 155 million to 20 million.
Terry stockham, coo of americans for fair taxation. Currently, our tax system is based on tax brackets. Fairtax was a flat tax proposal in 2005, 2008 and 2009 in the united states that includes. This is a political reality that fair taxers need to face. I had my suspicions over the fair tax proposal because the.
Use features like bookmarks, note taking and highlighting while reading the fair tax book. In this chapter, he discusses the impact on tax attorneys and accountants, plus the impact on the many people who work for the irs. It wasnt unusual for linbeck to give books to people he was getting to know. Fair tax national sales tax advocates blast bush tax. Linbeck, george mason university mercatus center vice president and former new zealand parliament member maurice mctigue.
Digging deeper into the convention of states, i find that there is a texas billionaire named leo linbeck iii, who is the champion of the misnamed fair tax. June 12, 20 washington post fair director touts upcoming fair new events are on tap for this years northern wisconsin state fair, fair director rusty volk told the chippewa county. This texas anarchist goper is taking out incumbents. The fair tax is a serious tax reform proposal with much to recommend it. Ive explained in an earlier post that there is a billionaire named leo linbeck iii, the son of leo linbeck ii who was one of the instigators of the fair tax. The fair tax movement is something that is gaining steam across the nation, as more and more individuals learn of the new possibilities that might soon exist in lieu of paying income tax. Saying goodbye to the income tax and the irs, which linbeck coauthored with republican congressman john linder.
He was born on august 12, 1934, and with the exception of a few short periods, lived his entire life in houston, texas. Of course if you are in search of a socialist utopia, the fair tax is not what you seek. Chairman americans for fair taxation in this new age of terrorism, it is sometimes hard to know who exactly is the enemy. Talk radio personality neal boortz and georgia congressman john linder published the fairtax book in 2005 and additional visibility was. Sometime later the guy in texas, who was not a scientologist, became involved with leo linbeck and robert mcnair. Much has been written lately about the fairtax, the proposal to replace the. Leo linbeck, chairman, americans for fair taxation via live feed. This figure is also higher than the 65,000 pages claimed by leo linbeck, the chairman and ceo of americans for fair taxation, in a september 2007 letter to fairtax volunteers. An americans for fair taxation slogan afft was founded in 1994 by three houston businessmen, jack trotter, bob mcnair, and leo linbeck, jr. A sales tax such as the fair tax is far more efficient to collect than an income tax. Commentary fairtax facts by leo linbeck, december 26, 2007. Led by linbeck, the groups aim is to use the power of the purse to do what political parties and state redistricting panels wontmake congressional races competitive again. The fairtax is a tax proposal that would replace all federal income taxes.
As defined in the proposed legislation, the initial sales tax rate is 30%. Citizens for fair taxation is a nonprofit group made up of economists and lawyers who spent well over 10 years researching the best way to replace our progressive tax system with an open, free. Mcnair who is ranked 242 in the forbes 400 richest americans. Saying goodbye to the income tax and the irs paperback by neal boortz, john linder ability. In fact, its the bottom third of the economy who benefit the most from the fair tax, and the people at the top. Saying goodbye to the income tax and the irs kindle edition by boortz, neal, linder, john. The fair tax plan may be advantageous in the following ways. Take a look at your latest paycheck, you see gross pay and net pay. The proposal is one that seeks to get rid of the current federal income tax and payroll tax system and replace it with a fairer, more practical system. Frank chodorov, one of americas past champions of liberty, once observed that, by enacting the income tax, the american government was. Another sponsor of the plan, leo linbeck, was critical of bartletts article, claiming he used red herrings and provided false information on the plan and research. Under the fair tax plan, only the amount of income you spend gets taxed.
The origins of the fairtax began with a group of businessmen from houston, texas, who initially financed what has become the political advocacy group americans for fair taxation afft or, which has grown into a large grassroots tax reform movement. A 23percent of the tax inclusive sales price sales tax is imposed on all retail sales for personal consumption of new goods and services. It will definitely fail in karl marxs goals of punishing achievement and discouraging personal savings. There is still no such thing as a fair tax mises institute. It is a nonpartisan 501c4 grassroots organization solely dedicated to replacing the current income tax code with a national retaillevel consumption tax. It was promoted by tom delay, the former house majority leader who never brought it to a vote even as he soaked campaign contributions from its supporters. Linbeck was also involved in politics, cofounding texans for lawsuit reform, to transform the states tort laws, and americans for fair taxation, a group that promotes a national sales tax to. If its proponents would get a few more facts straight and admit some people will pay more under their system, i could.
Fair tax group launches end the irs ads americans for fair taxation, a group headed by wealthy super pac donor leo linbeck iii, will launch the ads monday. I first heard about the fairtax several years ago, and every so often i spend some time perusing their website for information. In their book, the authors explain the concept of fairtax, how it differs from the current tax regime and how it could bring huge benefits by transforming the bureaucracy of the irs. I had my suspicions over the fair tax proposal because the bilderbergas have used false messiahs, environmentalism, incrementalism, and anything to push american citizens into socialism not to mention anything i do to attack the fair tax trap. Linbeck, the son of fair tax crusader leo linbeck jr. You may order it now and we will ship it to you when it arrives.
Executive chairman of linbeck group, a houstonbased institutional construction firm. We just ended our book fair and she is telling us we have to charge our parents tax on their purchases. They hit on reforming the tax system, and in particular simplifying it, as a worthy goal. Mar 08, 2012 linbeck, the son of fair tax crusader leo linbeck jr. A simple, fair, and competitive tax plan for the united states, death by a thousand. Afft was founded in 1994 by three houston businessmen, jack trotter, bob mcnair, and leo linbeck, jr. This summary of the ideas from neal boortz and john linders book the fairtax book provides a proposal for a new way of raising revenue in the us with fairtax. Leo linbeck, the chairman and ceo of americans for fair taxation. Three old rich men in houston talked over lunch in 1995 about what they could do to leave the country better off before they died. Mar 18, 20 the fair tax act hr 25 in the house and s. A campaign in 2005 for the fairtax proposal involved leo e. Founder and chairman of fannin innovation studio, a biomedical startup studio.
Americans for fair taxation afft, also known as, is a u. The fairtax movement is making its way across the nation in a way that one might expect a politician to. It is intended to be a sequel to the fairtax book, published in 2005, that. It abolishes all federal personal and corporate income taxes, and ends all taxes on gifts, estates, capital gains, alternative minimums, social security, medicare, and selfemployment. The new republic has printed a response to this article from leo linbeck, chairman and ceo, americans for fair. Pre order now click on the book to order the fair tax book. Like our current income tax plan was designed by politicians. The fair tax plan is a sales tax proposal to replace the current u. The fair tax book explains this revolutionary plan in plain english and does something even more amazing. Talk radio personality neal boortz and georgia congressman john linder published the fairtax book in 2005 and additional visibility was gained in the 2008 presidential campaign. Refuting continuing article v convention lies freedom. The fair tax movement seeks to get people to understand that a federal income tax is not the only way to pay.
Withering competition the imaginative conservative. Newswire americans for fair taxation today blasted the presidential panel tasked with proposing fundamental changes to the tax system as engaging in, fraudulent political theater designed to protect the corrupt tax code and those who profit from its manipulation, said leo linbeck, chairman of the national grassroots. Another cause, tax simplification and reform, was unfinished business at linbecks death, but his group, americans for a fair tax, remains a force in the ongoing push to redo the federal taxation. But they didnt just one day decide to go after a constitutional convention. I welcome the attention the fair tax is garnering now from the wall street journal. In the first ten essays of this series i examined the constitutional basis for taxation, the various kinds of taxes employed or proposed to be employed by our general government, and how destructive our current income tax system is to both our freedom and liberties, and our economic strength and prosperity. Fair taxation afft, chaired by houston businessman leo linbeck.