Chairman's Report

This week's Chairman's Report, guest written by CPA Jade Walle, takes an interesting look at some of the root causes of war down through history, and then examines how the FAIRtax might help in lessening, or even preventing the prospect of war.

The IRS is the motor that keeps the Federal government running--and it's sputtering badly. Its computers are antiquated, it can't fill its job openings, and very few people calling the IRS for help get what they need. If the IRS were a car engine, it would have been junked long ago. Still, Congress insists that they can fix the IRS with billions of dollars of your money. We have a better idea. Scr...

There are many good reasons that we all should support the FAIRtax. However, it's especially important that Millennials and Generation Z join the FAIRtax army if they want any hope of having the same opportunities and lifestyles that were available to the preceding generations. Check it all out in this week's Chairman's Report.

This week's Chairman's Report is guest written by CPA and AFFT board member Jade Walle. In it, he takes a hypothetical look at how the FAIRtax might have made President George Washington's job a bit easier by possibly heading off the Whiskey Rebellion of 1794.

As strange as it may sound, an analysis of what Marxist tax policies seek to accomplish seems to indicate that Karl Marx would support the FAIRtax because it addresses the issues that Marx was concerned about and trying to fix. Check it all out in this week's Chairman's Report.

Many of us have labored for years to pass the FAIRtax. Progress has been slow and sometimes we get discouraged. President Theodore Roosevelt never heard of the FAIRtax, but his words spoken in 1910 can serve as an inspiration to us today. Check it all out in this week's Chairman's Report.

In this week's Chairman's Report, AFFT president Steve Hayes looks at a recent Wall Street Journal editorial about reducing tax evasion. Not unexpectedly, the editorial writer gets it wrong by not advocating for the FAIRtax.

Recently, a group of millionaires and billionaires published a letter claiming that the rich don't pay their fair share in taxes and calling on governments around the world to tax them more. Unfortunately, there are some glaring omissions in that letter. Listen as AFFT president Steve Hayes breaks it all down in this week's Chairman's Report.

AFFT board member and CPA Jade Walle guest writes this week's Chairman's Report. In it, he looks at some of our past leaders' words in order to determine how they would feel about both the income tax and the FAIRtax

It sounds unbelievable, but it's true. Many high tax states are helping their wealthiest taxpayers avoid the $10,000 cap on the deduction for state and local taxes. Check out the IRS's reaction, and then see how the FAIRtax puts an end to this blatant evasion in this week's Chairman's Report.

IRS Publication 17 makes it clear that people are supposed to report income derived by illegal means on their tax returns. Of course, very few people making illegal money are reporting and paying taxes on it. So, how do we turn these tax evaders into taxpayers, pass the FAIRtax.

How long would the income payroll tax system remain if tax professionals and politicians weren't supporting it? Not long. If the system had to survive on its own merits, well, it wouldn't. In this week's Chairman's Report, AFFT president Steve Hayes, a "recovering" tax attorney himself, calls on his colleagues who are propping up a bad system to put the country, and the rest of the American people...

This week's Chairman's Report is guest written by CPA Jade Walle. In it, he examines the effect the FAIRtax would have on businesses with respect to the conventional thinking "you can have any two, good, fast, and cheap". Not surprisingly, the FAIRtax is vastly superior to the current income tax system.

The FAIRtax may be languishing in Congress, but the FAIRtax message is being heard and acted upon in several states. Alabama, Georgia and Nebraska lead the way as states that have legislative proposals in their state houses to replace their state income tax with a consumption tax modeled after the FAIRtax. Steve Hayes sums it all up in this week's Chairman's Report.

Some people believe that it will be extremely difficult to pass the FAIRtax in the Senate because normal Senate rules require 60 votes to end debate on a measure and bring it up for a vote. Therefore, a minority of just 41 Senators could block the FAIRtax in the Senate. However, in this week's Chairman's Report, Steve Hayes discusses a special Senate procedure called budget reconciliation under wh...

This week's Chairman's Report features an economics professor, David Kendall. Seventeen years ago, he wrote to the newly formed President's Advisory Panel on Federal Tax Reform urging them to adopt the FAIRtax. Eighty professional economists endorsed the letter, but the Panel paid them no attention. Seventeen years later, the FAIRtax is still the best replacement for the Federal income tax. We can...

In a nutshell, crony capitalism is a system where businesses and individuals with political connections are granted government favors that give them an unfair advantage in the free market. In this weeks Chairman's Report, Steve Hayes explores a particularly egregious example of crony capitalism that would benefit personal injury attorneys, and it's all made possible because deals like this can be...

The IRS has grudgingly admitted that income tax evasion costs the US Treasury $1 trillion dollars a year. Washington's solution? Hire an army of new IRS agents to audit tax returns and catch the cheaters. In this week's Chairman's Report, Steve Hayes explains why that not only won't solve the problem, but will actually make it worse. Steve again shows why the FAIRtax is the only real solution.

This week's Chairman's Report was guest written by CPA Jade Walle. He explores several ways in which the FAIRtax would positively impact our annual budget deficit, and by extension, our overall national debt.

There is good control and bad control when it comes to taxes. In this Chairman's Report, Steve Hayes explains the differences between good and bad control and then applies that to the income tax vs. the FAIRtax.

Excessive borrowing to fund too much government spending is a recipe for disaster. So far, the United States hasn't had to pay the price--yet. But even the Federal government is not immune to the basic laws of economics. In this Chairman's Report, Steve Hayes breaks it all down and explains how the FAIRtax would be an elegant solution to a variety of economic problems.

Senator Bernie Sanders has proposed spending trillions of dollars on programs he believes will help America. The problem is figuring out how to fund it all. Hey Senator Sanders, here's an idea--help us pass the FAIRtax. The economy will boom, tax evasion will be all but eliminated and revenue will flow into DC to fund the spending you propose.

This week's Chairman's Report is guest written by Jade Walle, CPA and board member for Americans For Fair Taxation. Listen as Jade explains how the FAIRtax will enable Americans to accomplish even more.

After years of downplaying the impact of evasion on the income/payroll tax system, the IRS commissioner recently admitted that it's a trillion dollar a year problem. But what does all that evasion really mean? In this week's Chairman's Report, Steve Hayes breaks it all down and exposes a frightening proposal for dealing with it.

When there's a simple way and a hard way to do something, most reasonable people choose the simple way. So why do we have such a complex and incomprehensible tax system? The answer lies in the answer to a simple question, "Who benefits?" In this week's Chairman's Report, Steve Hayes answers that question and explains what we need to do to get Congress to replace the complex income tax system with...