Do We Need The IRS?

What do you think:

The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities…

The FairTax:

• Enables workers to keep their entire paychecks

• Enables retirees to keep their entire pensions

• Refunds in advance the tax on purchases of basic necessities

• Allows American products to compete fairly

• Brings transparency and accountability to tax policy

• Ensures Social Security and Medicare funding

• Closes all loopholes and brings fairness to taxation

• Abolishes the IRS

This would be a big step in the right direction for this country.

H/T: Hillbilly White Trash