Fair Automatic Simple Tax

"FAST"

 

Without money, a.k.a. revenue, no matter what the politicians promise, nothing gets done in America — nor anywhere else!  Our national security, our military, modernization of our crumbling infrastructure, our veterans' and their families' health, our social institutions, our healthcare, free tuition, a first-rate public education and everything else that used to make America the envy of the world, depends on revenue, pure and simple!

 

Unfortunately, through expansive use of deductions, loopholes and special credits provided by our rigged, corrupt, unfair and unfathomable tax code, certain wealthy individuals and corporations — the same groups who constantly decry high taxes and complain about the national debt — are able to substantially lower their Effective Tax Rates to the point that some corporations often pay less than 1% on Billions of income,  severely limiting the amount of revenue available to spend on the aforementioned programs.  Need we ask why our country is drowning in a growing $21 Trillion national debt?

 

The Solution

 

To generate the revenue needed to meet our country's needs, therefore, what is needed is a system where everyone pays their fair share by eliminating all deductions, loopholes and special credits from our unfair, corrupt, tax code ─ not higher tax rates! This is what the Fair Automatic Simple Tax ("FAST") does.

 

 

How FAST Works

 

Based on IRS statistics — not out-of-the-air voodoo statistics — FAST is fair, simple, progressive (8 brackets from 2% to 20.5% for individuals) and automatic.  It was designed to replace our rigged, unfair, corrupt, ever-growing, 75,000-plus-page tax code which nobody understands and is destroying our economy and the confidence of Americans.

Because FAST eliminates all deductions, loopholes, special credits and most tax returns, the model will easily generate enough revenue to fund and maintain:

 

  1. National security
  2. All necessary social and healthcare programs
  3. Veterans' and their families' welfare
  4. The Earned Income Credit (EIC)
  5. Infrastructure and the environment

 

Low FAST rates more than compensate for the elimination of the Home Mortgage deduction.

 

Under FAST everyone will pay their own fair share — tax evasion and fraud will be greatly reduced or eliminated.

FAST eliminates tax returns for the majority of employed tax payers, saves money on tax preparation fees and eliminates annual tax-preparation stress.

Lower FAST rates will provide taxpayers with substantial increases in disposable income — a virtual "raise".  This extra disposable income, when spent, will further increase demand for goods and services which, in turn, will generate new job opportunities for American workers ─ and more income for businesses and corporations.

Because FAST rates automatically self-adjust, depending on the state of the budget, future deficits will be eliminated.  This feature will keep politicians' hands off the tax code and minimize their influence with the PACs which provide them with the Dark Money used to buy elections, i.e., our government!

Through its simple, clear, tax-liability computation method, FAST simplifies the tax-preparation process for the self-employed as well.

Under FAST, printing and mailing millions of tax forms, envelopes and pamphlets will no longer be necessary — saving the IRS significant annual expenses.

 

 

 

Todd Truax For Congress

P.O. Box 367193

Bonita Springs, FL 34136  | 239-214-1088

© 2018 Todd Truax For Congress.  Paid for by Todd Truax For Congress

 

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Todd Truax For Congress

P.O. Box 367193

Bonita Springs, FL 34136  | 239-214-1088

© 2018 Todd Truax For Congress.

Paid for by Todd Truax For Congress

Todd Truax For Congress

P.O. Box 367193

Bonita Springs, FL 34136

239-214-1088

© 2018 Todd Truax For Congress.

 Paid for by Todd Truax For Congress