Chairman's Report

A recent article in the Wall Street Journal looked at the probability of your tax return being audited by the IRS. While the number of audits compared to the number of returns is rather small, the hassle, aggravation, expense and stress of being audited can be extreme for the unlucky few. There's a better way to do this. With the FAIRtax, the audit rate is zero because there is no more IRS.

This week's Chairman's Report is a reprint of an article written by Dr. Robert Genetski and published in the Epoch Times. It's no surprise that Dr. Genetski sees the FAIRtax as vastly superior to the income tax.

In this week's Chairman's Report, Steve Hayes shares an article written by noted economist Steve Moore, who has just become a member of the Advisory Board of Americans For Fair Taxation. He says there's only one way to deal with the IRS--lop off its head by replacing the income tax with the FAIRtax.

A new study from the Peter G Peterson Foundation draws some astounding conclusions about how effective the massive increase in the IRS's budget will actually be in reducing tax evasion. Check it out in this week's Chairman's Report.

This week's Chairman's Report was guest written by John Linder. John was the original sponsor of the FAIRtax when it was first introduced into Congress in 1999. He was once a flat tax supporter, but now believes that the FAIRtax is the best way to go.

This week's Chairman's Report is a reprint of an article written by Chad Hagen and published in the Epoch Times. In it, Mr. Hagen conclusively shows how the FAIRtax will benefit Americans of all income levels.

Some of the country's largest and most well-known tax preparation companies have been caught red-handed selling their customers' sensitive financial information to Facebook. Unfortunately, this is just one more example of how our personal, confidential information isn't so confidential. There's only one way to stop this kind of abuse--enact a tax system that doesn't require us to submit our sensit...

A recent study by the Stanford Institute for Economic Policy Research found that black taxpayers were 2.9 to 4.7 times more likely to be audited by the IRS than non-black taxpayers. That's just one more reason why the corrupt an incomprehensible income tax system should be replaced with the FAIRtax.

This week's Chairman's Report is based on an article written by Jeff Carter. Jeff has an impressive list of credentials as a successful businessman. See why he thinks that the country would benefit greatly if the income/payroll tax system was replaced with the FAIRtax.

This week's Chairman's Report is guest written by John Linder, the original sponsor of the FAIRtax bill in the House. John first exposes some of the dishonesty that opponents are directing at the FAIRtax. Then, he does the math and proves that the FAIRtax is a better deal for taxpayers than the income tax.

The FAIRtax has been promised a vote in the House and the establishment is scared. They're doing all they can to attack the FAIRtax, and the media is spreading their criticisms across the entire country. The problem is that they're not telling the truth, the whole truth and nothing but the truth. This week AFFT president Steve Hayes unmasks the lies and deception surrounding the FAIRtax.

This week's Chairman's Report is guest written by David Weber. David represents Maryland on the FAIRtax Board of Governors. David examines how the IRS fails the Diversity, Equity and Inclusion test miserably, while the FAIRtax passes it with flying colors.

A new CBO report indicates that Social Security is going broke even faster than we thought. An increasingly smaller number of workers is having to support an increasingly larger number of retirees. There's only one way to really fix the problem. Extend the tax base from just those working for a paycheck to everyone whose spending exceeds the poverty level. In other words, pass the FAIRtax.

In order to catch an admittedly small number of tax cheats, the IRS is going to impose draconian reporting requirements on all of us who receive payments through online payment services like PayPal and Venmo. If you receive just one payment for over $600, you'll get a 1099-K for the amount you receive. That's true even if that payment is for a transaction on which you actually incur a loss. It's j...

This week's Chairman's Report is guest written by CPA Jade Walle. In it, he addresses a question that's often raised about the FAIRtax concerning demand for new products. Since the FAIRtax taxes only new goods, there is fear that demand for new goods will dry up as people begin buying used goods in order to avoid the tax. Listen as Jade explains why this fear is unfounded.

Senator Whitehouse of Rhode Island has been caught red handed trying to get the IRS to persecute tax exempt groups whose politics the Senator doesn't like. Fortunately, he did not succeed, but the fact that he even tried it is more proof that the as long as the IRS exists, it will be used as a political weapon. There's no way to de-politicize the IRS. We can only abolish it by replacing the income...

Federal law specifies that data supplied to the government on an income tax return is confidential. It further prescribes that it's a felony to breach that confidentiality by leaking income tax return information. Still, such leaks occur, and it seems that no one is ever punished for it. Now that it appears that the House Ways and Means Committee will be furnished copies of President Trump's tax r...

This week's Chairman's Report is guest written by Jade Walle, a partner in a CPA firm and a board member of Americans For Fair Taxation. Jade looks at the matter of complexity vs. simplicity in both our election process and our system of taxation.

Some people have concerns about what the transition from the income tax to the FAIRtax would look like. Dr. Karen Walby, research consultant for Americans for Fair Taxation has looked at the issue and outlines the provisions in the FAIRtax legislation for how the transition will be carried out.

It's easy to tell if a mechanic has done a good job fixing your car. It's not so easy to judge a politician's job performance. In this week's Chairman's Report, Steve Hayes shows how passing the FAIRtax will make it easier to tell if your Member of Congress has done a good job and deserves to be rehired for another term.

In this week's Chairman's Report, guest writer Jade Walle looks at five significant ways in which the FAIRtax will benefit the largest portion of our population--those working for a paycheck and receiving a W-2.

Have you ever noticed that when the federal government wants to provide a financial incentive for something, it never comes in the form of a direct incentive payment? Instead, it comes as a federal tax credit. As Steve Hayes explains in this week's Chairman's Report, there's a better way to do it--the FAIRtax.

Diogenes was a Greek philosopher famous for carrying a lantern in search of and honest man. If he could visit today's DC, how long would it take him to find a man or woman who would be truthful about why the DC elites continue to prop up a failed income/payroll tax system? Probably quite a while.

This week's Chairman's Report is a reprint of an article written by economics professor David Kendall. It offers some insightful analysis of why the FAIRtax has languished in Congress for 23 years, and what we FAIRtax advocates must do to eventually get it passed.

People expect federal agencies like the IRS to performs the jobs delegated to them by Congress in a fair and impartial manner consistent with the law. They instinctively understand that no one should receive either favorable or unfavorable treatment based on their ideology or political affiliation. Unfortunately, that's not always the case. The IRS has a long history of being used as a weapon agai...