Expressing support for the designation of April 16, 2024, as "FairTax Day".
Taxation
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Introduced on April 16, 2024 by Buddy Carter
Legislation Details
- Expresses support for designating April 16, 2024, as “FairTax Day.”
- Highlights the current U.S. tax code’s complexity, with over 7,000 pages.
- Notes Americans spend over 6 billion hours annually on tax filing.
- Advocates for the FairTax, proposing to replace the current tax code with a single national consumption tax.
- Claims the FairTax allows Americans to keep 100% of their paycheck, eliminating the IRS headache.
- Mentions a family of four could spend $30,000 annually without paying taxes under the FairTax.
- States the FairTax would eliminate personal and corporate income taxes, death tax, gift taxes, and payroll tax, along with abolishing the IRS.
- Describes the FairTax as simple, efficient, growth-friendly, nondiscriminatory, unintrusive, and fair.
Last updated 12/17/2024