What is the Fair Tax? Q.What is the Fair Tax? A.The Fair Tax Act of 2023 (HR 25) would replace the federal individual income tax, corporate income tax, payroll taxes, and the estate and gift tax with a national retail sales tax. Read more about What is the Fair Tax?
What is the X-Tax? Q.What is the X-Tax? A.The X-tax is a variant of the flat tax developed by economist David Bradford. It is mechanically identical to the flat tax, except that it incorporates graduated tax rates on household wage income to improve progressivity. Read more about What is the X-Tax?
The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform, December 2010 Q.The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform, December 2010 A.The 2010 report of the National Commission on Fiscal Responsibility and Reform recommends policy reforms, collectively known as the Bowles-Simpson plan, intended to stabilize America’s fiscal path. Read more about The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform, December 2010