Fair Tax — An Alternative To The Income Tax

Do you wish there was an alternative to the income tax and IRS?  In an interview on Lubbock’s First News on KFYO, Doug Friedrichsen of Americans for Fair Taxation talked about the Fair Tax.

“It does away with taxing personal income, corporate income, no more capital gains tax, no more state taxes, no more FICA and Medicare, no dividends taxes,” Friedrichsen said.  “Any federal tax on income goes away under the Fair Tax, and it’s replaced with what’s called a national retail sales tax.”

Friedrichsen proposed a tax of 23%, and he said the Fair Tax would be revenue neutral.

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