Chairman's Report

What does cancel culture have to do with the FAIRtax? Everything. In a nutshell, cancel culture is the attempt to silence someone who has a different opinion than you. FAIRtax opponents want us canceled. We simply can't let that happen. Listen as guest writer Jade Walle explains why the FAIRtax movement must prevail in the face of the cancel culture.

Do you think that exempting groceries from the state sales tax makes that tax more progressive? Think again. A recent study for the Tax Foundation found that exempting groceries from the sales tax results in higher rates for other goods. The study further found that low-income families would be better off if groceries were taxed, and the tax rate was reduced commensurately on other goods. So far,...

It should come as no surprise that people are frustrated with the income tax and don't really trust it to be fair and honest. Some numbers from a recent Harris Poll on taxation bear that out. Still, the people we elect to act in our best interests continue to prop up the current income tax system. Why? Could it be that they're really looking out for themselves rather than us? We need to take back...

The Biden administration recently announced its desire to make billionaires "pay their fair share", by introducing a new "Billionaires Minimum Tax". But, if you read the fine print, you'll find that it actually kicks in on families making a lot less. There's a better way to make everyone, not just billionaires, pay their fair share--the FAIRtax.

Enacting the FAIRtax will put a lot of complex variables into play in the US economy. With inflation at its highest level in 40 years, CPA Jade Walle looks at some of these factors with an eye towards how the FAIRtax would be a better hedge against inflation than the current income tax system.

There is another new study out on tax evasion. Not surprisingly, it finds that a consumption tax like the FAIRtax is much harder to evade than the current income tax. In this week's Chairman's Report, Steve Hayes goes thru this new study and again makes the case that the DC elites are propping up the income tax for their own benefit.

It's that time of year again. Time to fill out a bunch of complicated forms telling the government all the ins and outs of your personal finances. It's been this way for over a century, but it doesn't HAVE to be this way. We can fund the government without invading people privacy or losing a trillion dollars a year to tax evasion. It's easy. Just pass the FAIRtax.

Under current law, the government is entitled to know nearly every detail of your financial life. If you're OK with that, then you can stop reading. But if you think your financial status is your business, AFFT president Steve Hayes suggests ten questions that you should ask your Congressional representative.

April Fools Day is a day where people play pranks on each other. Unfortunately, the income/payroll tax system is not a prank. It's a cruel reality that affects millions of Americans. In this week's Chairman's Report, Steve Hayes examines why only a fool would support keeping the income/payroll tax system in place.

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...