FAIRtax Power Radio

FAIRtax history will be made in the newly convened 118th Congress. For the first time since it was first introduced over 20 years ago, the FAIRtax will not die in committee. As a concession to the holdout group who blocked his selection as Speaker of the House for fourteen ballots, Speaker Kevin McCarthy has agreed to bring the FAIRtax bill out of committee for debate and a vote on the House floor...

It’s not news to anybody that Social Security is on the path to insolvency. Fewer and fewer workers are supporting more and more retirees. More dollars have been flowing out of the system than coming in for decades. This week, the FAIRtax Guys look at a new report from the Congressional Budget Office that says Social Security is going broke even faster than originally believed. Sooner rather than...

The FAIRtax Guys ring in 2023 with a special guest on FAIRtax Power Radio. Steve Hayes, president of Americans For Fair Taxation delivers his “State of the FAIRtax” address. This decidedly upbeat assessment of where the FAIRtax is headed in the future will surely inspire all FAIRtax volunteers to keep fighting the good fight to abolish the income tax and relegate the IRS to the scrap heap of histo...

Every week, the FAIRtax Guys look at congress.gov to see what kind of changes the Congress Critters are proposing for the tax code. And every year, there are thousands of these changes—many sought by lobbyists on behalf of special interest groups. Some are blatant attempts to use the tax code to push a political agenda. Others are incomprehensible on their face, and others are filed under “What th...

CPA Jade Walle joins the FAIRtax Guys for our quarterly “Walle’s World” episode on FAIRtax Power Radio, but this one’s a little different. Instead of digging deeply into a FAIRtax related topic, Jade plays the part of a crafty politician who wants to replace the FAIRtax with an income tax. Listen as he struggles to convince a couple of very skeptical constituents about the merits of his new plan t...

The prebate sets the FAIRtax apart from every other sales tax people may be familiar with. In every other case, when you buy a taxable item, you pay the tax, period. However, the FAIRtax actually pays itself on spending up to the poverty level. Every month, every legal household gets a pre-payment to cover the tax they’ll pay at the cash register on their spending up to the poverty level. You don’...

Bob Dylan wasn’t thinking about the tax code when he wrote the 60’s protest anthem “The Times They Are A-Changin’”, but he could have been. According to the National Taxpayer Advocate, the tax code changed 4,680 times from 2001 to 2012, an average of just over one change per day. And the pace hasn’t slowed down. This week, the FAIRtax Guys continue a discussion started on the last program noting t...

Every year, many people anxiously look forward to their tax refund. This week, the FAIRtax Guys look at an article in which the IRS warns that refunds this year could be smaller because, surprise, there have been a number of changes to the tax code. A constantly changing tax code has been a hallmark of the income/payroll tax system for decades, but for some reason, we keep putting up with it. The...

We’ve known for a long time that fraudsters and criminals have been helping themselves to our money by filing bogus claims for tax deductions and credits with the IRS. Now, it seems that an entire industry has sprung up to help people claim money they’re not entitled to. And the IRS has admitted defeat. The week, the FAIRtax Guys look at an article from accountingtoday.com detailing the problem. I...

The FAIRtax Guys were recently introduced to Anthony Parent. Anthony is a practicing tax attorney. He also maintains a YouTube channel under the name “IRS Medic”. His practice has brought him face to face with the absurdity of the tax code and the ruthlessness with which the IRS administers and enforces the code. In this edition of FAIRtax Power Radio, Anthony shares some of his interesting and ev...

If you could describe the Internal Revenue Code in one word, that word would be “unstable”. Every week, FAIRtax Power Radio looks at some of the thousands of proposed changes to the tax code in its congress.gov segment. This week, the FAIRtax Guys examine an article published by Intuit/TurboTax detailing a number of things that will be different for 2022 tax year. An unstable tax code isn’t just d...

Collecting the taxes needed to keep the government running should not be a partisan process. Unfortunately, neither the politicians nor the IRS got the memo. Using the IRS as a political weapon dates back decades, but now there’s a new wrinkle. The IRS itself is now resisting Congressional oversight, and Congress is divided along party lines over how best to administer that oversight. Passing the...

Earlier this year, it was reported that the IRS destroyed over 30 million tax documents. As you might imagine, there is more than just casual curiosity among some Members of Congress about what really happened and why. It should be no surprise that the IRS has ignored repeated requests for data about the incident, and now, other Congressmen are trying to block any further inquiry into the matter....

The Justice Department has charged five current and former IRS employees with stealing COVID relief money and using it to make lavish personal purchases—including a new Mercedes and trips to Las Vegas. Of course, this is just one of multiplied thousands of cases where crooks, fraudsters and criminals exploit the fact that the IRS is woefully incapable of preventing these thieves from ripping all o...

Logic and common sense tell you that if you are cooperative and try to do the right thing in your dealings with a government authority, that authority should work with you in the same spirit. Unfortunately, the IRS didn’t get the memo. This week, the FAIRtax Guys look at a story first told by Jim Bennett in his weekly “Grassroots Corner” article. It’s the story of Alexandru Bittner, an American ci...

The FAIRtax Guys welcome CPA Jade Walle to their annual live program from the studios of WTOB in Winston Salem, NC. Doing a live show gives the Guys the chance to do something they don’t normally get to do—answer live calls from listeners. Jade fields a question from a listener who was concerned that by taxing consumption rather than income, the FAIRtax would hurt the poor. Next, they tackle the n...

We continue to see fallout from the massive increase in the size of the IRS contained in the Inflation Reduction Act. This week, after their usual look at congress.gov, the FAIRtax Guys touch on several little tidbits, including a new bill in Congress called the IRS Reduction Act. If passed, the IRS Reduction Act would rescind the additional funding for the IRS that’s contained in the Inflation Re...

Would the IRS really go after an 82-year-old grandmother who made an honest mistake on her taxes and voluntarily tried to correct it? You bet they would—and they did. Would the IRS really publish people’s personal, confidential data on their web site? Again, you better believe they would. This week, the FAIRtax Guys uncover more unbelievable abuses that the IRS has perpetrated against honest taxpa...

Marissa Selvig was the first candidate in the entire country to sign the FAIRtax Candidate Pledge for the 2022 election. She is the Constitution Party’s candidate for Congress in the state of Wyoming. This week, Marissa makes her second appearance on FAIRtax Power Radio. She offers some insight on exactly what’s contained in the recently passed Inflation Reduction Act, and shares her perspective o...

The IRS is getting bigger, more powerful, and it could be coming after you. In spite of the politicians’ pledges that the new IRS will only target well-heeled tax cheats, history and plain common sense say otherwise. More audits are definitely on the way, and the IRS has a long history of going after taxpayers who don’t have the resources to fight back. That’s not likely to change. This week, the...

Advocates for a much larger and more powerful IRS may turn out to be the best friends the FAIRtax movement ever had. FAIRtax advocates have been pointing out all that’s wrong with the IRS for years. It’s invasive, it doesn’t respect the Bill of Rights, and it often acts like a bully. And for years, very few people seemed to care. That appears to be changing. This week, the FAIRtax Guys welcome AFF...

Last week, the FAIRtax Guys discussed the public alarm that the “Inflation Reduction” Act has triggered regarding the massive increase in the size and scope of the IRS. All of a sudden, people are paying attention to what’s happening at the IRS and they don’t like what they see. This week, the Guys continue that discussion as “get rid of the IRS” continues to be a very popular internet search. Fro...

With the passage of the “Inflation Reduction” Act and its gargantuan increase in the IRS’s budget, people on social media seems to be alarmed by the massive changes coming to the government’s most universally hated agency. Memes are pointing out that large football stadiums are still too small to hold the army of new IRS agents that will be hired. Others call for hiring school resource officers ra...

While FAIRtax Guy Bob Scarborough takes a vacation, CPA Jade Walle joins Bob Paxton for his quarterly “Walle’s FAIRtax World” on FAIRtax Power Radio. One of the items he discusses is the “Inflation Reduction Act”—a bill hammered out between West Virginia Senator Joe Manchin and Senate Majority Leader Chuck Schumer. It sounds like a good idea, until you realize that way too often, a bill in Congres...

Most Americans know that Washington DC is inhabited by an army of lobbyists that try to influence legislation on behalf of their clients. But most people have no idea just how big the lobbying industry is or how much money is spread around in an effort to get Members of Congress to either support or oppose particular pieces of legislation. Opensecrets.org has compiled some rather amazing statistic...