The Fair Tax Act will eliminate all federal personal and corporate income tax and all federal withholding taxes and replace them with a national sales tax. It will abolish the IRS. You will bring home your entire paycheck when you are paid and will only pay taxes when you purchase an item. Because these taxes are already embedded into the cost of everything we buy, you will not pay any more for the things you purchase. The tax revenue will rise because everyone who purchases anything in the US will pay including tourists from other countries, illegals, people with work Visas, etc. The economy will flourish. Jobs will be created. We can also eliminate the defecit much faster.



