Here is a way to abolish the IRS and not ever have to file another income tax return; or company tax return for that matter! Every dime you earn you would get paid; no taxes withheld. You absolutely have the power to make this happen!

Congress is reviewing a bill right now that would get rid of the IRS and get rid of income taxes, corporate taxes, death taxes, estate taxes, etc. It's called the FairTax Act and I am serious when I tell you it is not only fair, it would without a doubt solve the United States' economic problems overnight. I want to start by saying that The FairTax is resisted by an extremely vocal few precisely because it will do what it claims in abolishing the IRS, the greater than $300 billion in tax return filing costs, and the corruption of the current system. Here's a snapshot of how it works.

What is the FairTax?

The FairTax is a retail consumption tax that is charged when you purchase something new. It is a transparent tax: that means the tax will be printed on your receipt in plain view so you can see it.

Right now you are paying the same taxes when you purchase something, but the taxes are hidden in the cost of the item all along the manufacturing line from the raw materials to the packaged end product. Those are called embedded taxes because they are not seen on your receipt. Under the FairTax Act, you would be paying the same price for a gallon of milk, but the gallon would have a lower shelf price and the tax would be added at the cash register and printed on your receipt.

Is the FairTax really fair?

Absolutely. The FairTax is very fair. In fact, it is really much more fair than the current income tax. You can control exactly how much tax you pay simply by deciding what things you are going to purchase. The rich spend more money on more expensive items than other individuals. The FairTax taxes them on these purchases.

Illegal aliens and tourists, who currently pay no taxes, would pay their fair share of taxes every time they buy something. Someone who deals in cash and doesn't report it on an income tax return would have to pay taxes on that income when they spend it at the cash register. And yes, the government would continue to get as much tax revenue as they currently get, but it would cost us a lot less to run the government.

The FairTax will have a positive effect onAmerica's economy.

With the penalty for working harder and producing more removed, U.S. companies will experience a new era of expansion and economic growth. Hidden taxes are history, Americans are able to save more, and businesses invest more. The FairTax, as proposed, would bring American companies back home as it would no longer be an advantage to have U.S. companies in foreign countries paying low wages to workers for jobs that Americans should be doing here at home for fair wages.

Workers will bring home all that they earn.

the FairTax would put more money in the pockets of every American by eliminating the income tax. There will be no deductions from the amount you earn to pay federal taxes, Social Security or Medicare. If you earned $100 you would get paid $100. Companies would no longer be weighed down with paying added taxes on employee wages for Social Security/Medicare.

The FairTax has a positive effect on Social Security/Medicare.

Under the FairTax Act there would be plenty of money available for both these programs. Like the rest of the federal spending programs, Social Security would run exactly as it does today, with the exception that its funds will come from a consumption tax, instead of a payroll tax.

Companies that employ workers would continue to report the wages they pay to each employee to the Social Security Administration simply for the calculation of benefits. The transition to a reformed Social Security system would be eased while ensuring there is enough money to continue promised benefits.

The FairTax protects low-income and lower-middle-income families and individuals.

in the FairTax Plan, people near poverty level pay no net FairTax at all up to the poverty level! Every citizen or household receives a monthly prebate check that is equal to the FairTax paid on crucial goods and services [medicine and groceries], and all wage earners are no longer subject to the most burdensome tax of all, payroll taxes.

The FairTax takes careof senior citizens.

Seniors do very well under the FairTax. Low-income seniors get better benefits under the FairTax than underthe current income tax system. There are some who mistakenly believe that people who live exclusively on Social Security don't have to pay any taxes. Those people might not know it, but they are paying hidden corporate income taxes and employer payroll taxes whenever they buy anything. Under the FairTax, seniors pay $0.23 out of every dollar they choose to spend on new items. Plus, seniors, like everyone else, will receive the monthly prebate check, in advance of purchases, for taxes paid on the cost of necessities.

Yes, The FairTax CAN really be passed into law! The FairTax has undertaken to build a grassroots movement and grassroots alliances to support the effort. However, this will only happen when the American people unite behind the effort, throw off the yoke of income tax slavery, and demand that their congressional representatives correct 90 years of wrongs done by the income tax.

Do this RIGHT NOW to make sure this bill gets passed.

First, go to the website FairTax.org and sign the petition to let Congress and the President know that you want this bill passed into law. When visiting the FairTax website, look at the congressional scorecard to see if your state congressional representatives support this bill. If they are not a supporter or co-sponsor, write them a letter and demand they vote for this bill and that you will be monitoring this scorecard to see how they stand come election time.

Second, buy and read The FairTax Book: Saying Goodbye to the Income Tax and the IRS by Neal Boortz and Congressman John Linder. You need to understand what this bill actually says. The book is easy to understand. Then pass it on to a friend to read and ask them to pass it on, too.

Sandra Simmons, President of Money Management Solutions, has years of experience helping company owners and private individuals manage their money to achieve financial freedom. To learn more about the Money Management Software she created, watch the FREE 5-minute demo video on her website at www.MoneyMgmtSolutions.com