FAIRtax Power Radio

Taxing income and taxing consumption are two radically different ways to raise funds for the government.  But which is better? There is nearly unanimous agreement among economists from all across the political spectrum that from a strictly economic point of view, a consumption tax is vastly superior to an income tax.  This week, the FAIRtax Guys look at a couple of different articles that address...

The number of cosponsors a particular piece of legislation has can be an indicator of how much support the measure has in Congress. To that end, the FAIRtax Guys take a look at the cosponsor situation for HR-25, and unfortunately, it doesn’t look as nice as we’d like it to.  They Guys look at who has returned from last Congress to cosponsor in this Congress and also point out those Representatives...

President Trump is pushing for passage of what he calls his “Big, Beautiful Bill”.  It contains a variety of tax proposals that the President wants passed into law. This week, the FAIRtax Guys take a look at what’s in the bill and compare what the President is pushing for vs. the FAIRtax.

The United States is one of only two countries in the word that extends its income tax to its citizens living outside the country.  That’s true even if the citizen maintains no residence in the United States and earns no income from US sources. This week, the FAIRtax Guys welcome AFFT Grassroots Director Jim Bennett to discuss an intriguing possibility—that by virtue of holding American citizenshi...

Believing a myth can be harmless, or it can have rather serious consequences.  The income tax code is so complicated and incomprehensible, it’s no surprise that myths abound regarding what’s in it and what it requires you to do. This week, the FAIRtax Guys look at ten myths about the income tax code that could get you in a lot of trouble if you believe and act on them.  Again, we have ten more rea...

After refuting an Arizona investment advisor’s top ten reasons why the FAIRtax fails, the FAIRtax Guys went in search of another top ten list to go over, and they found one. AARP recently published a list of the top ten weirdest tax breaks that the IRS actually allowed.  In reality, it’s a list of ten reasons why the income needs to be abolished and replaced with the FAIRtax.

The FAIRtax Guys conclude their four part series responding to an Arizona investment advisor’s objections to the FAIRtax. Saving the most outrageous objection for last, the Guys point out the absurdity of the claim that the FAIRtax is infested with lobbyist’s influence.

Misinformation and disinformation continue to exist about how the FAIRtax works and how it will affect people. This week, the FAIRtax Guys continue their series responding to an Arizona investment advisor’s objections to the FAIRtax.  Of particular interest this week is the bogus argument that the FAIRtax amounts to double taxation on retirement savings.

Last week, the FAIRtax Guys began looking at a video from an investment advisor listing his top ten reasons that the FAIRtax is a bad idea.  Of course, he never does admit that his opposition to the FAIRtax is rooted in the fact that he makes his living helping people deal with the current tax system. This week, the Guys continue running down the list, pointing out all the errors, misconceptions a...

Not long ago, a listener pointed us to a YouTube video from an investment advisor listing his top ten reasons that the FAIRtax fails us. As we suspected, they were largely extrapolations from someone whose business would be adversely affected if the FAIRtax was enacted. Still, the Guys thought this could be a teachable moment for anyone who might be hearing and actually considering these knocks on...

Artificial intelligence is growing more sophisticated by the day.  As a result, more and more people are turning to it to find information and answer questions. This week, the FAIRtax Guys review a fascinating social media post where ChatGPT was asked to come up with strategies for getting the FAIRtax passed through a Congress that doesn’t want to surrender the power to trade tax breaks for campai...

As President Trump continues to talk about getting rid of the income tax, excitement within the FAIRtax movement grows more intense every day. This week, AFFT President Steve Hayes joins the FAIRtax guys for a random Q&A session on several topics of importance to the FAIRtax cause.

As the young man we talked to last week found out, people’s actual experience with the income tax system is often quite different than what they expected. To that end, the FAIRtax Guys discuss an article found at nerdwallet.com regarding what people expect of the income tax system and what they actually get.

FAIRtax Power Radio welcomes an old friend back to the program and he brings a young person with him who is getting his first experience with the income tax.  Let’s say he found his first encounter with the Internal Revenue Code a somewhat less than pleasant experience.

Thanks to President Trump’s stated desire to abolish the federal income tax, interest in the FAIRtax has never been higher.  Therefore, it’s only natural that people who have never looked at the FAIRtax before would have some questions about it. This week, the FAIRtax Guys tackle some questions that have popped up on social media regarding the FAIRtax.  One deals with the impact of extending the F...

The elites who run DC have earned the nickname “The Swamp” because of the way they’ve been running the government for their own benefit for decades rather than doing what’s best for the American people.  The current administration has pledged to drain the swamp and return control of the government to the people. This week, the FAIRtax Guys look at an article in the American Thinker that details a...

It’s official.  President Trump has announced that Elon Musk’s Department of Government Efficiency will look into the inner workings of the IRS.  We don’t know exactly when that will happen, but we’ve got a pretty good idea of what they’ll find. To that end, the FAIRtax Guys look at an Epoch Times article on the subject, and look forward to the day when the American people find out just how wastef...

It’s inevitable that any discussion of President Trump’s plan to eliminate the income tax will be tainted with politics. Consequently, the FAIRtax Guys asked economist David Kendall to take a look at income taxes vs. consumption taxes strictly within the realm of the science of economics.  When you strip away the politics, there’s clearly a good way and a bad way to fund the federal government.

AFFT Social Media Director Randy Fischer knows what has America’s attention and what they’re talking about.  And for the first time ever, the FAIRtax is high on the list of things America is interested in. Join the FAIRtax Guys for part two of their two part series with Randy Fischer as they discuss the FAIRtax on social media.

If you want to know which issues are commanding the attention of the American public, just check social media.  If you have a message that you want people to hear, putting it on social media is a good way to do it. This week, FAIRtax Power Radio begins a two part series with AFFT Social Media Director Randy Fischer.  The good news is that the level of interest in the FAIRtax on social media has ne...

The good news is that as 2025 begins, there is an unprecedented level of interest in the FAIRtax thanks in large part to President Trump’s stated desire to get rid of the income tax.  The bad news is that there is a lot of misinformation and negative opinion being presented as fact about the FAIRtax in social media circles. This week, FAIRtax Guy Bob Scarborough delves into some of the social medi...

The 119th Congress has begun and once again, the FAIRtax has been introduced as HR 25.  Georgia Congressman Buddy Carter is again the primary sponsor.  The number of cosponsors on a piece of legislation is a good indication of how much support it has.  Therefore, it’s important that we get as many cosponsors on the FAIRtax bill as possible. This week, the FAIRtax Guys examine where HR 25’s cospons...

“Rich corporations need to pay their fair share of taxes”.  That may be enticing political rhetoric, but it’s an economic fallacy.  Corporations don’t pay taxes.  While they might have to write a check to Uncle Sam, the money to pay those taxes inevitably comes from the pockets of individuals. This week, the FAIRtax Guys look at an article written by a former North Carolina state representative th...

January 2025 marks the beginning of a new Congressional session, the 119th Congress.  The new year also marks the first time that we’ve had a President of the United States who is on record as wanting to get rid of the income tax. To start off the new year, AFFT president Steve Hayes joins the FAIRtax Guys for his annual “State of the FAIRtax” analysis.

All year, the FAIRtax Guys have been taking a weekly look at what the Congress Critters are proposing to do to the tax code.  Some of their proposals are somewhat humorous.  Some are maddening, and some are just plain baffling as to why something like that would be in the tax code. As 2024 draws to a close, the Guys are pleased to present their 2024 Tax Proposal Hall of Shame featuring the best of...