Fair Tax Essay

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For those of us that have ever worked a summer job part time or full time, or currently work, there is nothing like the feeling we get on the morning of payday. Payday mornings are never hard to get out of bed, the sun seems to shine brighter, our morning coffee tastes better, our mood is just pleasant. This is a great feeling because we are ready to be rewarded for the hard work we put in the past week and we deserve this. For me as much as I look forward to payday it also brings a sick feeling to my gut. I know when I open that paystub envelope I will get sick when I look at the amount withheld from my pay for those pesky little things referred to as FICA, Social Security, and IL state withholding. I work hard for my money as im sure most of you do and thought of our government sticking their dirty hands into our pockets and taking anywhere from 30-40% of our hard earned money really rubs me the wrong way. There is a very common sense solution to this serious problem that is being very seriously discussed and considered in our Congress. It is a plan called the Fair Tax. Legislative Status: The FairTax has been reintroduced for the 111th Congress. It is H.R. 25 in the House and S. 296 in the Senate. Benefits of the FairTax: The FairTax plan brings fairness, transparency, and efficiency to our unfair, complex, and confusing Tax Code. The FairTax rewards job creation, hard work, and individual responsibility. By doing away with payroll taxes, companies can afford to hire more employees and outsourcing looks less attractive. By taxing consumption instead of income, individuals are provided with a strong incentive to work hard because they keep more of what they earn. By taxing spending, the FairTax allows us to control how much tax we pay depending on our individual lifestyle choices. The FairTax ensures that all Americans pay their fair share of taxes.

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