Logo
Unionpedia
Communication
Get it on Google Play
New! Download Unionpedia on your Android™ device!
Download
Faster access than browser!
 

FairTax

Index FairTax

The FairTax is a proposal to reform the federal tax code of the United States. [1]

219 relations: Advocacy group, Allen Buckley, Alternative minimum tax, American middle class, American upper class, Americans For Fair Taxation, Arbitrage, Asia, Bank secrecy, Barack Obama, Beacon Hill Institute, Big-box store, Bill (law), Billy Tauzin, Black market, Blogosphere, Brookings Institution, Bruce Bartlett, Burden of proof (law), Bush tax cuts, Business-to-business, California, Capital gains tax in the United States, Capital market, CBS News, Certificate of deposit, Christian Heritage Party of Canada, Church of Scientology, Citizens for an Alternative Tax System, Civil liberties in the United States, Collin Peterson, Compliance cost, Congressional Research Service, Constitutional amendment, Constitutionality, Consumption (economics), Consumption tax, Corporate tax in the United States, Cost of goods sold, Creation myth, Crime, Dale W. Jorgenson, Dan Boren, Debates within libertarianism, Debit card, Deficit spending, Democratic Party (United States), Dennis Hastert, Donald Trump, Due process, ..., Dynamic scoring, Economic growth, Economic inequality, Effect of taxes and subsidies on price, Electronic funds transfer, Electronic mailing list, Environmental economics, Estate tax in the United States, Europe, Export, FactCheck.org, Factors of production, Family, Federal funds rate, Federal Insurance Contributions Act tax, Federal Reserve System, Financial services, Fine (penalty), Fourth Amendment to the United States Constitution, Fraud, Gary Johnson, George W. Bush, Georgia (U.S. state), Georgism, Gift tax, Godfather's Pizza, Goods, Government Accountability Office, Gross income, Hall–Rabushka flat tax, Health care, Henry Paulson, Herman Cain, Home mortgage interest deduction, House, Household, Houston, Illegal drug trade, Illegal immigration to the United States, Immigration to the United States, Income, Income tax in the United States, Inflation, Information exchange, Internal Revenue Code, Internal Revenue Service, International business, International trade, Internet, Investment, James A. Baker III Institute for Public Policy, James Taranto, Joel Slemrod, John Linder, John Stossel, Land value tax, Larry Elder, Laurence Kotlikoff, Libertarian Party (United States), Macroeconomics, Marriage penalty, Medicare (United States), Mergers and acquisitions, Mike Gravel, Mike Huckabee, Money (magazine), Money supply, Municipal bond, Narcotic, National debt of the United States, National Income and Product Accounts, National Retail Federation, Natural environment, Neal Boortz, Net income, Nobel Memorial Prize in Economic Sciences, Nonprofit organization, OECD, Optimal tax, Owner-occupancy, Poverty, President of the United States, President's Advisory Panel for Federal Tax Reform, Princeton University, Progressive tax, Purchasing power, Rasmussen Reports, Real property, Real versus nominal value (economics), Real wages, Regressive tax, Religious organization, Republican Party (United States), Republican Party presidential candidates, 2008, Retail, Rob Woodall, Roth IRA, Sales tax audit, Sales taxes in the United States, Saving, Saxby Chambliss, Sean Hannity, Self-incrimination, Semantics, Sentence (law), Service (economics), Single tax, Sixteenth Amendment to the United States Constitution, Social inequality, Social programs in the United States, Social Security (United States), Social Security Administration, Speaker of the United States House of Representatives, Static analysis, Stock, Sunset provision, Supply and demand, Supply-side economics, Talk radio, Tax avoidance, Tax bracket, Tax credit, Tax deduction, Tax evasion, Tax incidence, Tax rate, Tax reform, Tax shift, Tax withholding in the United States, The Coming Generational Storm, The FairTax Book, The New York Times Best Seller list, The Wall Street Journal, Tim Worstall, Tuition payments, U.S. Customs and Border Protection, U.S. state, United States Congress, United States Congress Joint Committee on Taxation, United States Constitution, United States Department of Health and Human Services, United States Department of the Treasury, United States House Committee on Ways and Means, United States presidential election, 2008, United States Secretary of the Treasury, University of Michigan, University of Tennessee, Used good, Value added, Value-added tax, Vernon L. Smith, Wage, Wealth, Welfare, Welfare economics, William G. Gale, William Reynolds Archer Jr., Windfall gain, Xenu, Zell Miller, 106th United States Congress, 108th United States Congress, 109th United States Congress, 110th United States Congress, 111th United States Congress, 112th United States Congress, 113th United States Congress, 114th United States Congress, 115th United States Congress. Expand index (169 more) »

Advocacy group

Advocacy groups (also known as pressure groups, lobby groups, campaign groups, interest groups, or special interest groups) use various forms of advocacy in order to influence public opinion and/or policy.

New!!: FairTax and Advocacy group · See more »

Allen Buckley

Allen Buckley is an attorney and CPA, who in 2016 ran as the Libertarian Party of Georgia nominee for the Class 3 U.S. Senate seat for the state of Georgia.

New!!: FairTax and Allen Buckley · See more »

Alternative minimum tax

The alternative minimum tax (AMT) is a supplemental income tax imposed by the United States federal government required in addition to baseline income tax for certain individuals, corporations, estates, and trusts that have exemptions or special circumstances allowing for lower payments of standard income tax.

New!!: FairTax and Alternative minimum tax · See more »

American middle class

The American middle class is a social class in the United States.

New!!: FairTax and American middle class · See more »

American upper class

The American upper class is a social group consisting of the people who have the highest social rank and who are usually rich.

New!!: FairTax and American upper class · See more »

Americans For Fair Taxation

Americans For Fair Taxation (AFFT), also known as FairTax.org, is a US political advocacy group dedicated to fundamental tax code replacement.

New!!: FairTax and Americans For Fair Taxation · See more »

Arbitrage

In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.

New!!: FairTax and Arbitrage · See more »

Asia

Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres.

New!!: FairTax and Asia · See more »

Bank secrecy

Banking secrecy, alternately known as financial privacy, banking discretion, or bank safety,Guex (2000), p. 240 is a conditional agreement between a bank and its clients that all foregoing activities remain secure, confidential, and private.

New!!: FairTax and Bank secrecy · See more »

Barack Obama

Barack Hussein Obama II (born August 4, 1961) is an American politician who served as the 44th President of the United States from January 20, 2009, to January 20, 2017.

New!!: FairTax and Barack Obama · See more »

Beacon Hill Institute

The Beacon Hill Institute (BHI) is a free-market think tank in Boston.

New!!: FairTax and Beacon Hill Institute · See more »

Big-box store

A big-box store (also supercenter, superstore, or megastore) is a physically large retail establishment, usually part of a chain of stores.

New!!: FairTax and Big-box store · See more »

Bill (law)

A bill is proposed legislation under consideration by a legislature.

New!!: FairTax and Bill (law) · See more »

Billy Tauzin

Wilbert Joseph Tauzin II (born June 14, 1943) is an American lobbyist and politician.

New!!: FairTax and Billy Tauzin · See more »

Black market

A black market, underground economy, or shadow economy is a clandestine market or transaction that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules.

New!!: FairTax and Black market · See more »

Blogosphere

The blogosphere is made up of all blogs and their interconnections.

New!!: FairTax and Blogosphere · See more »

Brookings Institution

The Brookings Institution is a century-old American research group on Think Tank Row in Washington, D.C. It conducts research and education in the social sciences, primarily in economics, metropolitan policy, governance, foreign policy, and global economy and development.

New!!: FairTax and Brookings Institution · See more »

Bruce Bartlett

Bruce Reeves Bartlett (born October 11, 1951) is an American historian whose area of expertise is supply-side economics.

New!!: FairTax and Bruce Bartlett · See more »

Burden of proof (law)

The burden of proof (onus probandi) is the obligation of a party in a trial to produce the evidence that will prove the claims they have made against the other party.

New!!: FairTax and Burden of proof (law) · See more »

Bush tax cuts

The phrase Bush tax cuts refers to changes to the United States tax code passed originally during the presidency of George W. Bush and extended during the presidency of Barack Obama, through.

New!!: FairTax and Bush tax cuts · See more »

Business-to-business

Business-to-business (B2B or, in some countries, BtoB) refers to a situation where one business makes a commercial transaction with another.

New!!: FairTax and Business-to-business · See more »

California

California is a state in the Pacific Region of the United States.

New!!: FairTax and California · See more »

Capital gains tax in the United States

In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains.

New!!: FairTax and Capital gains tax in the United States · See more »

Capital market

A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold.

New!!: FairTax and Capital market · See more »

CBS News

CBS News is the news division of American television and radio service CBS.

New!!: FairTax and CBS News · See more »

Certificate of deposit

A certificate of deposit (CD) is a time deposit, a financial product commonly sold in the United States and elsewhere by banks, thrift institutions, and credit unions.

New!!: FairTax and Certificate of deposit · See more »

Christian Heritage Party of Canada

The Christian Heritage Party of Canada (Parti de l'héritage chrétien du Canada), also referred to as CHP Canada, is a minor social and fiscal conservative federal political party in Canada, founded in 1987.

New!!: FairTax and Christian Heritage Party of Canada · See more »

Church of Scientology

The Church of Scientology is a multinational network and hierarchy of numerous ostensibly independent but interconnected corporate entities and other organizations devoted to the practice, administration and dissemination of Scientology, a new religious movement.

New!!: FairTax and Church of Scientology · See more »

Citizens for an Alternative Tax System

Citizens for an Alternative Tax System (CATS) is a national tax reform public interest group in the United States.

New!!: FairTax and Citizens for an Alternative Tax System · See more »

Civil liberties in the United States

Civil liberties in the United States are certain unalienable rights retained by (as opposed to privileges granted to) citizens of the United States under the Constitution of the United States, as interpreted and clarified by the Supreme Court of the United States and lower federal courts.

New!!: FairTax and Civil liberties in the United States · See more »

Collin Peterson

Collin Clark Peterson (born June 29, 1944) is an American politician, member of the Minnesota Democratic–Farmer–Labor Party, the U.S. Representative for, and the most senior representative from Minnesota, serving since 1991.

New!!: FairTax and Collin Peterson · See more »

Compliance cost

A compliance cost is expenditure of time or money in conforming with government requirements such as legislation or regulation.

New!!: FairTax and Compliance cost · See more »

Congressional Research Service

The Congressional Research Service (CRS), known as Congress's think tank, is a public policy research arm of the United States Congress.

New!!: FairTax and Congressional Research Service · See more »

Constitutional amendment

A constitutional amendment is a modification of the constitution of a nation or state.

New!!: FairTax and Constitutional amendment · See more »

Constitutionality

Constitutionality is the condition of acting in accordance with an applicable constitution; the status of a law, a procedure, or an act's accordance with the laws or guidelines set forth in the applicable constitution.

New!!: FairTax and Constitutionality · See more »

Consumption (economics)

Consumption is the process in which consumers (customers or buyers) purchase items on the market.

New!!: FairTax and Consumption (economics) · See more »

Consumption tax

A consumption tax is a tax levied on consumption spending on goods and services.

New!!: FairTax and Consumption tax · See more »

Corporate tax in the United States

Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as corporations.

New!!: FairTax and Corporate tax in the United States · See more »

Cost of goods sold

Cost of goods sold (COGS) refers to the carrying value of goods sold during a particular period.

New!!: FairTax and Cost of goods sold · See more »

Creation myth

A creation myth (or cosmogonic myth) is a symbolic narrative of how the world began and how people first came to inhabit it.

New!!: FairTax and Creation myth · See more »

Crime

In ordinary language, a crime is an unlawful act punishable by a state or other authority.

New!!: FairTax and Crime · See more »

Dale W. Jorgenson

Dale Weldeau Jorgenson (born May 7, 1933, in Bozeman, Montana) is the Samuel W. Morris University Professor at Harvard University, teaching in the Department of Economics and John F. Kennedy School of Government.

New!!: FairTax and Dale W. Jorgenson · See more »

Dan Boren

Daniel David Boren (born August 2, 1973) is a retired American politician, who served as the U.S. Representative for from 2005 to 2013.

New!!: FairTax and Dan Boren · See more »

Debates within libertarianism

Libertarianism is variously defined by sources as there is no general consensus among scholars on the definition nor on how one should use the term as a historical category.

New!!: FairTax and Debates within libertarianism · See more »

Debit card

A debit card (also known as a bank card, plastic card or check card) is a plastic payment card that can be used instead of cash when making purchases.

New!!: FairTax and Debit card · See more »

Deficit spending

Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus.

New!!: FairTax and Deficit spending · See more »

Democratic Party (United States)

The Democratic Party is one of the two major contemporary political parties in the United States, along with the Republican Party (nicknamed the GOP for Grand Old Party).

New!!: FairTax and Democratic Party (United States) · See more »

Dennis Hastert

John Dennis Hastert (born January 2, 1942) is a former American congressman who served as the 51st Speaker of the United States House of Representatives from 1999 to 2007, representing from 1987 to 2007.

New!!: FairTax and Dennis Hastert · See more »

Donald Trump

Donald John Trump (born June 14, 1946) is the 45th and current President of the United States, in office since January 20, 2017.

New!!: FairTax and Donald Trump · See more »

Due process

Due process is the legal requirement that the state must respect all legal rights that are owed to a person.

New!!: FairTax and Due process · See more »

Dynamic scoring

Dynamic scoring is a forecasting technique for government revenues, expenditures, and budget deficits that incorporates predictions about the behavior of people and organizations based on changes in fiscal policy, usually tax rates.

New!!: FairTax and Dynamic scoring · See more »

Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

New!!: FairTax and Economic growth · See more »

Economic inequality

Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries.

New!!: FairTax and Economic inequality · See more »

Effect of taxes and subsidies on price

Taxes and subsidies change the price of goods and, as a result, the quantity consumed.

New!!: FairTax and Effect of taxes and subsidies on price · See more »

Electronic funds transfer

Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.

New!!: FairTax and Electronic funds transfer · See more »

Electronic mailing list

An electronic mailing list or email list is a special use of email that allows for widespread distribution of information to many Internet users.

New!!: FairTax and Electronic mailing list · See more »

Environmental economics

Environmental economics is a sub-field of economics that is concerned with environmental issues.

New!!: FairTax and Environmental economics · See more »

Estate tax in the United States

The estate tax in the United States is a tax on the transfer of the estate of a deceased person.

New!!: FairTax and Estate tax in the United States · See more »

Europe

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.

New!!: FairTax and Europe · See more »

Export

The term export means sending of goods or services produced in one country to another country.

New!!: FairTax and Export · See more »

FactCheck.org

FactCheck.org is a nonprofit non-partisan website that describes itself as a "consumer advocate for voters that aims to reduce the level of deception and confusion in U.S. politics".

New!!: FairTax and FactCheck.org · See more »

Factors of production

In economics, factors of production, resources, or inputs are which is used in the production process to produce output—that is, finished goods and services.

New!!: FairTax and Factors of production · See more »

Family

Every person has his/her own family.mother reproduces with husband for children.In the context of human society, a family (from familia) is a group of people related either by consanguinity (by recognized birth), affinity (by marriage or other relationship), or co-residence (as implied by the etymology of the English word "family" from Latin familia 'family servants, domestics collectively, the servants in a household,' thus also 'members of a household, the estate, property; the household, including relatives and servants,' abstract noun formed from famulus 'servant, slave ') or some combination of these.

New!!: FairTax and Family · See more »

Federal funds rate

In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis.

New!!: FairTax and Federal funds rate · See more »

Federal Insurance Contributions Act tax

The Federal Insurance Contributions Act (FICA) is a United States federal payroll (or employment) contribution directed towards both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, disabled people, and children of deceased workers.

New!!: FairTax and Federal Insurance Contributions Act tax · See more »

Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

New!!: FairTax and Federal Reserve System · See more »

Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.

New!!: FairTax and Financial services · See more »

Fine (penalty)

A fine or mulct is money that a court of law or other authority decides has to be paid as punishment for a crime or other offence.

New!!: FairTax and Fine (penalty) · See more »

Fourth Amendment to the United States Constitution

The Fourth Amendment (Amendment IV) to the United States Constitution is part of the Bill of Rights that prohibits unreasonable searches and seizures.

New!!: FairTax and Fourth Amendment to the United States Constitution · See more »

Fraud

In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

New!!: FairTax and Fraud · See more »

Gary Johnson

Gary Earl Johnson (born January 1, 1953) is an American businessman, author and politician who served as the 29th Governor of New Mexico from 1995 to 2003 as a member of the Republican Party.

New!!: FairTax and Gary Johnson · See more »

George W. Bush

George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd President of the United States from 2001 to 2009.

New!!: FairTax and George W. Bush · See more »

Georgia (U.S. state)

Georgia is a state in the Southeastern United States.

New!!: FairTax and Georgia (U.S. state) · See more »

Georgism

Georgism, also called geoism and single tax (archaic), is an economic philosophy holding that, while people should own the value they produce themselves, economic value derived from land (including natural resources and natural opportunities) should belong equally to all members of society.

New!!: FairTax and Georgism · See more »

Gift tax

In economics, a gift tax is the tax on money or property that one living person gives to another.

New!!: FairTax and Gift tax · See more »

Godfather's Pizza

Godfather's Pizza is a privately owned restaurant chain headquartered in Omaha, Nebraska, that operates fast casual Italian franchises.

New!!: FairTax and Godfather's Pizza · See more »

Goods

In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

New!!: FairTax and Goods · See more »

Government Accountability Office

The Government Accountability Office (GAO) is a legislative branch government agency that provides auditing, evaluation, and investigative services for the United States Congress.

New!!: FairTax and Government Accountability Office · See more »

Gross income

Gross income is all a person's receipts and gains from all sources, before any deductions.

New!!: FairTax and Gross income · See more »

Hall–Rabushka flat tax

The Hall–Rabushka flat tax is a flat tax proposal on consumption designed by American economists Robert Hall and Alvin Rabushka at the Hoover Institution.

New!!: FairTax and Hall–Rabushka flat tax · See more »

Health care

Health care or healthcare is the maintenance or improvement of health via the prevention, diagnosis, and treatment of disease, illness, injury, and other physical and mental impairments in human beings.

New!!: FairTax and Health care · See more »

Henry Paulson

Henry Merritt "Hank" Paulson Jr. (born March 28, 1946) is an American banker who subsequently served as the 74th Secretary of the Treasury.

New!!: FairTax and Henry Paulson · See more »

Herman Cain

Herman Cain (born December 13, 1945) is an American author, business executive, radio host, syndicated columnist, and Tea Party activist from Georgia.

New!!: FairTax and Herman Cain · See more »

Home mortgage interest deduction

A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income by the amount of interest paid on the loan which is secured by their principal residence (or, sometimes, a second home).

New!!: FairTax and Home mortgage interest deduction · See more »

House

A house is a building that functions as a home.

New!!: FairTax and House · See more »

Household

A household consists of one or more people who live in the same dwelling and also share meals or living accommodation, and may consist of a single family or some other grouping of people.

New!!: FairTax and Household · See more »

Houston

Houston is the most populous city in the U.S. state of Texas and the fourth most populous city in the United States, with a census-estimated 2017 population of 2.312 million within a land area of.

New!!: FairTax and Houston · See more »

Illegal drug trade

The illegal drug trade or drug trafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of drugs that are subject to drug prohibition laws.

New!!: FairTax and Illegal drug trade · See more »

Illegal immigration to the United States

Illegal immigration to the United States is the entry into the United States of foreign nationals in violation of United States immigration laws and also the remaining in the country of foreign nationals after their visa, or other authority to be in the country, has expired.

New!!: FairTax and Illegal immigration to the United States · See more »

Immigration to the United States

Immigration to the United States is the international movement of individuals who are not natives or do not possess citizenship in order to settle, reside, study, or work in the country.

New!!: FairTax and Immigration to the United States · See more »

Income

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.

New!!: FairTax and Income · See more »

Income tax in the United States

Income taxes in the United States are imposed by the federal, most state, and many local governments.

New!!: FairTax and Income tax in the United States · See more »

Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

New!!: FairTax and Inflation · See more »

Information exchange

Information exchange or information sharing are informal terms that can either refer to bidirectional information transmission/information transfer in telecommunications and computer science or communication seen from a system-theoretic or information-theoretic point of view.

New!!: FairTax and Information exchange · See more »

Internal Revenue Code

The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC).

New!!: FairTax and Internal Revenue Code · See more »

Internal Revenue Service

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

New!!: FairTax and Internal Revenue Service · See more »

International business

International business refers to the trade of goods, services, technology, capital and/or knowledge at a global level.

New!!: FairTax and International business · See more »

International trade

International trade is the exchange of capital, goods, and services across international borders or territories.

New!!: FairTax and International trade · See more »

Internet

The Internet is the global system of interconnected computer networks that use the Internet protocol suite (TCP/IP) to link devices worldwide.

New!!: FairTax and Internet · See more »

Investment

In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development.

New!!: FairTax and Investment · See more »

James A. Baker III Institute for Public Policy

The James A. Baker III Institute for Public Policy, also known as the Baker Institute, is an American think tank on the campus of Rice University in Houston, Texas.

New!!: FairTax and James A. Baker III Institute for Public Policy · See more »

James Taranto

James Taranto (born January 6, 1966) is an American journalist.

New!!: FairTax and James Taranto · See more »

Joel Slemrod

Joel Slemrod (born July 14, 1951 in Newark, New Jersey) is a Professor of Economics at the University of Michigan and the Paul W. McCracken Collegiate Professor of Business Economics and Public Policy at the Stephen M. Ross School of Business at the University of Michigan.

New!!: FairTax and Joel Slemrod · See more »

John Linder

John Elmer Linder (born September 9, 1942) is an American politician who was a member of the United States House of Representatives from 1993 to 2011.

New!!: FairTax and John Linder · See more »

John Stossel

John Frank Stossel (born March 6, 1947) is an American consumer television personality, author, and libertarian pundit, known for his career on both ABC News and Fox Business Channel.

New!!: FairTax and John Stossel · See more »

Land value tax

A land/location value tax (LVT), also called a site valuation tax, split rate tax, or site-value rating, is an ad valorem levy on the unimproved value of land.

New!!: FairTax and Land value tax · See more »

Larry Elder

Laurence Allen "Larry" Elder (born April 27, 1952) is an American radio commentator.

New!!: FairTax and Larry Elder · See more »

Laurence Kotlikoff

Laurence Jacob Kotlikoff (born January 30, 1951) is an American academic and politician, who is a William Warren Fairfield Professor at Boston University.

New!!: FairTax and Laurence Kotlikoff · See more »

Libertarian Party (United States)

The Libertarian Party (LP) is a libertarian political party in the United States that promotes civil liberties, non-interventionism, laissez-faire capitalism and shrinking the size and scope of government.

New!!: FairTax and Libertarian Party (United States) · See more »

Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

New!!: FairTax and Macroeconomics · See more »

Marriage penalty

The marriage penalty in the United States refers to the higher taxes required from some married couples with both partners earning income that would not be required by two otherwise identical single people with exactly the same incomes.

New!!: FairTax and Marriage penalty · See more »

Medicare (United States)

In the United States, Medicare is a national health insurance program, now administered by the Centers for Medicaid and Medicare Services of the U.S. federal government but begun in 1966 under the Social Security Administration.

New!!: FairTax and Medicare (United States) · See more »

Mergers and acquisitions

Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.

New!!: FairTax and Mergers and acquisitions · See more »

Mike Gravel

Maurice Robert "Mike" Gravel (born May 13, 1930) is an American politician who was a Democratic United States Senator from Alaska from 1969 to 1981 and a candidate in the 2008 U.S. presidential election.

New!!: FairTax and Mike Gravel · See more »

Mike Huckabee

Michael Dale Huckabee (born August 24, 1955) is an American politician, Christian minister, author, and commentator who served as the 44th governor of Arkansas from 1996 to 2007.

New!!: FairTax and Mike Huckabee · See more »

Money (magazine)

Money is a magazine that is published by Meredith Corporation.

New!!: FairTax and Money (magazine) · See more »

Money supply

In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.

New!!: FairTax and Money supply · See more »

Municipal bond

A municipal bond, commonly known as a Muni Bond, is a bond issued by a local government or territory, or one of their agencies.

New!!: FairTax and Municipal bond · See more »

Narcotic

The term narcotic (from ancient Greek ναρκῶ narkō, "to make numb") originally referred medically to any psychoactive compound with sleep-inducing properties.

New!!: FairTax and Narcotic · See more »

National debt of the United States

The national debt of the United States is the public debt carried by the federal government of the United States, which is measured as the face value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies.

New!!: FairTax and National debt of the United States · See more »

National Income and Product Accounts

The national income and product accounts (NIPA) are part of the national accounts of the United States.

New!!: FairTax and National Income and Product Accounts · See more »

National Retail Federation

The National Retail Federation (NRF) is the world's largest retail trade association.

New!!: FairTax and National Retail Federation · See more »

Natural environment

The natural environment encompasses all living and non-living things occurring naturally, meaning in this case not artificial.

New!!: FairTax and Natural environment · See more »

Neal Boortz

Neal A Boortz Jr. (born April 6, 1945) is an American author, attorney, and former Libertarian radio host.

New!!: FairTax and Neal Boortz · See more »

Net income

In business, net income (total comprehensive income, net earnings, net profit, informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes for an accounting period.

New!!: FairTax and Net income · See more »

Nobel Memorial Prize in Economic Sciences

The Nobel Memorial Prize in Economic Sciences (officially Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field.

New!!: FairTax and Nobel Memorial Prize in Economic Sciences · See more »

Nonprofit organization

A non-profit organization (NPO), also known as a non-business entity or non-profit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view.

New!!: FairTax and Nonprofit organization · See more »

OECD

The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade.

New!!: FairTax and OECD · See more »

Optimal tax

Optimal tax theory or the theory of optimal taxation is the study of designing and implementing a tax that maximises a social welfare function subject to economic constraints.

New!!: FairTax and Optimal tax · See more »

Owner-occupancy

Owner-occupancy or home-ownership is a form of housing tenure where a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which he/she lives.

New!!: FairTax and Owner-occupancy · See more »

Poverty

Poverty is the scarcity or the lack of a certain (variant) amount of material possessions or money.

New!!: FairTax and Poverty · See more »

President of the United States

The President of the United States (POTUS) is the head of state and head of government of the United States of America.

New!!: FairTax and President of the United States · See more »

President's Advisory Panel for Federal Tax Reform

On January 7, 2005, President George W. Bush announced the establishment of the President's Advisory Panel for Tax Reform, a bipartisan panel to advise on options to reform the United States income tax code to make it simpler, fairer, and more pro-growth to benefit all Americans.

New!!: FairTax and President's Advisory Panel for Federal Tax Reform · See more »

Princeton University

Princeton University is a private Ivy League research university in Princeton, New Jersey.

New!!: FairTax and Princeton University · See more »

Progressive tax

A progressive tax is a tax in which the tax rate increases as the taxable amount increases.

New!!: FairTax and Progressive tax · See more »

Purchasing power

Purchasing power (sometimes retroactively called adjusted for inflation) is the number and quality or value of goods and services that can be purchased with a unit of currency.

New!!: FairTax and Purchasing power · See more »

Rasmussen Reports

Rasmussen Reports is an American polling company, founded in 2003.

New!!: FairTax and Rasmussen Reports · See more »

Real property

In English common law, real property, real estate, realty, or immovable property is land which is the property of some person and all structures (also called improvements or fixtures) integrated with or affixed to the land, including crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads, among other things.

New!!: FairTax and Real property · See more »

Real versus nominal value (economics)

In economics, a real value of a good or other entity has been adjusted for inflation, enabling comparison of quantities as if prices had not changed.

New!!: FairTax and Real versus nominal value (economics) · See more »

Real wages

Real wages are wages adjusted for inflation, or, equivalently, wages in terms of the amount of goods and services that can be bought.

New!!: FairTax and Real wages · See more »

Regressive tax

A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

New!!: FairTax and Regressive tax · See more »

Religious organization

Religious activities generally need some infrastructure to be conducted.

New!!: FairTax and Religious organization · See more »

Republican Party (United States)

The Republican Party, also referred to as the GOP (abbreviation for Grand Old Party), is one of the two major political parties in the United States, the other being its historic rival, the Democratic Party.

New!!: FairTax and Republican Party (United States) · See more »

Republican Party presidential candidates, 2008

This article contains lists of official candidates associated with the 2008 Republican Party presidential primaries for the 2008 United States presidential election.

New!!: FairTax and Republican Party presidential candidates, 2008 · See more »

Retail

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.

New!!: FairTax and Retail · See more »

Rob Woodall

William Robert Woodall III (born February 11, 1970) is an American politician who has been the U.S. Representative for since 2011.

New!!: FairTax and Rob Woodall · See more »

Roth IRA

A Roth IRA (individual retirement account) plan under United States law is generally not taxed, provided certain conditions are met.

New!!: FairTax and Roth IRA · See more »

Sales tax audit

A sales tax audit is the examination of a company’s financial documents by a government's tax agency to verify if the proper amount of sales tax has been remitted to the proper authority.

New!!: FairTax and Sales tax audit · See more »

Sales taxes in the United States

Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States.

New!!: FairTax and Sales taxes in the United States · See more »

Saving

Saving is income not spent, or deferred consumption.

New!!: FairTax and Saving · See more »

Saxby Chambliss

Clarence Saxby Chambliss (born November 10, 1943) is an American politician who was a United States Senator from Georgia from 2003 to 2015.

New!!: FairTax and Saxby Chambliss · See more »

Sean Hannity

Sean Patrick Hannity (born December 30, 1961) is an American talk show host and conservative political commentator.

New!!: FairTax and Sean Hannity · See more »

Self-incrimination

Self-incrimination is the act of exposing oneself generally, by making a statement "to an accusation or charge of crime; to involve oneself or another in a criminal prosecution or the danger thereof." Self-incrimination can occur either directly or indirectly: directly, by means of interrogation where information of a self-incriminatory nature is disclosed; or indirectly, when information of a self-incriminatory nature is disclosed voluntarily without pressure from another person.

New!!: FairTax and Self-incrimination · See more »

Semantics

Semantics (from σημαντικός sēmantikós, "significant") is the linguistic and philosophical study of meaning, in language, programming languages, formal logics, and semiotics.

New!!: FairTax and Semantics · See more »

Sentence (law)

A sentence is a decree of punishment of the court in criminal procedure.

New!!: FairTax and Sentence (law) · See more »

Service (economics)

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.

New!!: FairTax and Service (economics) · See more »

Single tax

A single tax is a system of taxation based mainly or exclusively on one tax, typically chosen for its special properties, often being a tax on land value.

New!!: FairTax and Single tax · See more »

Sixteenth Amendment to the United States Constitution

The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on the United States Census.

New!!: FairTax and Sixteenth Amendment to the United States Constitution · See more »

Social inequality

Social inequality occurs when resources in a given society are distributed unevenly, typically through norms of allocation, that engender specific patterns along lines of socially defined categories of persons.

New!!: FairTax and Social inequality · See more »

Social programs in the United States

Social programs in the United States are welfare subsidies designed to meet needs of the American population.

New!!: FairTax and Social programs in the United States · See more »

Social Security (United States)

In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration.

New!!: FairTax and Social Security (United States) · See more »

Social Security Administration

The United States Social Security Administration (SSA) is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors' benefits.

New!!: FairTax and Social Security Administration · See more »

Speaker of the United States House of Representatives

The Speaker of the House is the presiding officer of the United States House of Representatives.

New!!: FairTax and Speaker of the United States House of Representatives · See more »

Static analysis

Static analysis, static projection, or static scoring is a simplified analysis wherein the effect of an immediate change to a system is calculated without regard to the longer-term response of the system to that change.

New!!: FairTax and Static analysis · See more »

Stock

The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.

New!!: FairTax and Stock · See more »

Sunset provision

In public policy, a sunset provision or clause is a measure within a statute, regulation or other law that provides that the law shall cease to have effect after a specific date, unless further legislative action is taken to extend the law.

New!!: FairTax and Sunset provision · See more »

Supply and demand

In microeconomics, supply and demand is an economic model of price determination in a market.

New!!: FairTax and Supply and demand · See more »

Supply-side economics

Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation.

New!!: FairTax and Supply-side economics · See more »

Talk radio

Talk radio is a radio format containing discussion about topical issues and consisting entirely or almost entirely of original spoken word content rather than outside music.

New!!: FairTax and Talk radio · See more »

Tax avoidance

Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law.

New!!: FairTax and Tax avoidance · See more »

Tax bracket

Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer).

New!!: FairTax and Tax bracket · See more »

Tax credit

A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state.

New!!: FairTax and Tax credit · See more »

Tax deduction

Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income.

New!!: FairTax and Tax deduction · See more »

Tax evasion

Tax evasion is the illegal evasion of taxes by individuals, corporations, and trusts.

New!!: FairTax and Tax evasion · See more »

Tax incidence

In economics, tax incidence or tax burden is the analysis of the effect of a particular tax on the distribution of economic welfare.

New!!: FairTax and Tax incidence · See more »

Tax rate

In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.

New!!: FairTax and Tax rate · See more »

Tax reform

Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits.

New!!: FairTax and Tax reform · See more »

Tax shift

Tax shift or Tax swap is a change in taxation that eliminates or reduces one or several taxes and establishes or increases others while keeping the overall revenue the same.

New!!: FairTax and Tax shift · See more »

Tax withholding in the United States

Three key types of withholding tax are imposed at various levels in the United States.

New!!: FairTax and Tax withholding in the United States · See more »

The Coming Generational Storm

The Coming Generational Storm: What You Need to Know about America's Economic Future (2004) is a book by Laurence J. Kotlikoff and Scott Burns.

New!!: FairTax and The Coming Generational Storm · See more »

The FairTax Book

The FairTax Book is a non-fiction book by libertarian radio talk show host Neal Boortz and Congressman John Linder, published on August 2, 2005, as a tool to increase public support and understanding for the FairTax plan.

New!!: FairTax and The FairTax Book · See more »

The New York Times Best Seller list

The New York Times Best Seller list is widely considered the preeminent list of best-selling books in the United States.

New!!: FairTax and The New York Times Best Seller list · See more »

The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

New!!: FairTax and The Wall Street Journal · See more »

Tim Worstall

Tim Worstall (born 27 March 1963, Torquay) is a British-born writer and blogger and Senior Fellow of the Adam Smith Institute.

New!!: FairTax and Tim Worstall · See more »

Tuition payments

Tuition payments, usually known as tuition in American English and as tuition fees in Commonwealth English, are fees charged by education institutions for instruction or other services.

New!!: FairTax and Tuition payments · See more »

U.S. Customs and Border Protection

United States Customs and Border Protection (CBP) is the largest federal law enforcement agency of the United States Department of Homeland Security.

New!!: FairTax and U.S. Customs and Border Protection · See more »

U.S. state

A state is a constituent political entity of the United States.

New!!: FairTax and U.S. state · See more »

United States Congress

The United States Congress is the bicameral legislature of the Federal government of the United States.

New!!: FairTax and United States Congress · See more »

United States Congress Joint Committee on Taxation

The Joint Committee on Taxation (JCT) is a Committee of the U.S. Congress established under the Internal Revenue Code at.

New!!: FairTax and United States Congress Joint Committee on Taxation · See more »

United States Constitution

The United States Constitution is the supreme law of the United States.

New!!: FairTax and United States Constitution · See more »

United States Department of Health and Human Services

The United States Department of Health and Human Services (HHS), also known as the Health Department, is a cabinet-level department of the U.S. federal government with the goal of protecting the health of all Americans and providing essential human services.

New!!: FairTax and United States Department of Health and Human Services · See more »

United States Department of the Treasury

The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.

New!!: FairTax and United States Department of the Treasury · See more »

United States House Committee on Ways and Means

The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives.

New!!: FairTax and United States House Committee on Ways and Means · See more »

United States presidential election, 2008

The United States presidential election of 2008 was the 56th quadrennial presidential election.

New!!: FairTax and United States presidential election, 2008 · See more »

United States Secretary of the Treasury

The Secretary of the Treasury is the head of the U.S. Department of the Treasury which is concerned with financial and monetary matters, and, until 2003, also included several federal law enforcement agencies.

New!!: FairTax and United States Secretary of the Treasury · See more »

University of Michigan

The University of Michigan (UM, U-M, U of M, or UMich), often simply referred to as Michigan, is a public research university in Ann Arbor, Michigan.

New!!: FairTax and University of Michigan · See more »

University of Tennessee

The University of Tennessee (also referred to as The University of Tennessee, Knoxville, UT Knoxville, UTK, or UT) is a public sun- and land-grant university in Knoxville, Tennessee, United States.

New!!: FairTax and University of Tennessee · See more »

Used good

A secondhand or used good is a piece of personal property that is being purchased by or otherwise transferred to a second or later end user.

New!!: FairTax and Used good · See more »

Value added

In business, the difference between the sale price and the production cost of a product is the unit profit.

New!!: FairTax and Value added · See more »

Value-added tax

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production or distribution.

New!!: FairTax and Value-added tax · See more »

Vernon L. Smith

Vernon Lomax Smith (born January 1, 1927) is an American professor of economics and law at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, a former professor of economics and law at George Mason University, and a board member of the Mercatus Center in Arlington, Virginia.

New!!: FairTax and Vernon L. Smith · See more »

Wage

A wage is monetary compensation (or remuneration, personnel expenses, labor) paid by an employer to an employee in exchange for work done.

New!!: FairTax and Wage · See more »

Wealth

Wealth is the abundance of valuable resources or valuable material possessions.

New!!: FairTax and Wealth · See more »

Welfare

Welfare is a government support for the citizens and residents of society.

New!!: FairTax and Welfare · See more »

Welfare economics

Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level.

New!!: FairTax and Welfare economics · See more »

William G. Gale

William G. "Bill" Gale is the Arjay and Frances Miller Chair in Federal Economic Policy and the former vice president and director of the Economic Studies Program at the Brookings Institution.

New!!: FairTax and William G. Gale · See more »

William Reynolds Archer Jr.

William Reynolds Archer Jr. (born March 22, 1928) is a retired American lawyer and politician.

New!!: FairTax and William Reynolds Archer Jr. · See more »

Windfall gain

A windfall gain or windfall profit is any type of unusually high or abundant income that is sudden and/or unexpected.

New!!: FairTax and Windfall gain · See more »

Xenu

Xenu, also called Xemu, was, according to Scientology founder L. Ron Hubbard, the dictator of the "Galactic Confederacy" who 75 million years ago brought billionsAs 109, or thousands of millions in Long Scale of his people to Earth (then known as "Teegeeack") in DC-8-like spacecraft, stacked them around volcanoes, and killed them with hydrogen bombs.

New!!: FairTax and Xenu · See more »

Zell Miller

Zell Bryan Miller (February 24, 1932 – March 23, 2018) was an American author and politician from the U.S. state of Georgia.

New!!: FairTax and Zell Miller · See more »

106th United States Congress

The One Hundred Sixth United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives.

New!!: FairTax and 106th United States Congress · See more »

108th United States Congress

The One Hundred Eighth United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives from January 3, 2003 to January 3, 2005, during the third and fourth years of George W. Bush's presidency.

New!!: FairTax and 108th United States Congress · See more »

109th United States Congress

The One Hundred Ninth United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives, from January 3, 2005 to January 3, 2007, during the fifth and sixth years of George W. Bush's presidency.

New!!: FairTax and 109th United States Congress · See more »

110th United States Congress

The One Hundred Tenth United States Congress was a meeting of the legislative branch of the United States federal government, between January 3, 2007, and January 3, 2009, during the last two years of the second term of President George W. Bush.

New!!: FairTax and 110th United States Congress · See more »

111th United States Congress

The One Hundred Eleventh United States Congress was a meeting of the legislative branch of the United States federal government from January 3, 2009, until January 3, 2011.

New!!: FairTax and 111th United States Congress · See more »

112th United States Congress

The One Hundred Twelfth United States Congress was a meeting of the legislative branch of the United States federal government, from January 3, 2011, until January 3, 2013.

New!!: FairTax and 112th United States Congress · See more »

113th United States Congress

The One Hundred Thirteenth United States Congress was a meeting of the legislative branch of the United States federal government, from January 3, 2013, to January 3, 2015, during the fifth and sixth years of Barack Obama's presidency.

New!!: FairTax and 113th United States Congress · See more »

114th United States Congress

The One Hundred Fourteenth United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives.

New!!: FairTax and 114th United States Congress · See more »

115th United States Congress

The One Hundred Fifteenth United States Congress is the current meeting of the legislative branch of the United States federal government, composed of the Senate and the House of Representatives.

New!!: FairTax and 115th United States Congress · See more »

Redirects here:

Fair Tax, Fair Tax Act, Fair Tax Act of 2003, Fair Tax Act of 2005, Fair Tax Act of 2007, Fair tax, Fair-tax, FairTax Act, FairTax Act 2005, FairTax Act of 2003, FairTax Act of 2005, FairTax Act of 2007, FairTax Revolution, Fairtax, H.R. 25, H.R. 25: Fair Tax Act of 2005, H.R.25, HR 25, HR25, NRST, National retail sales tax, S 1025, S. 1025, S. 1025: Fair Tax Act of 2007, S. 25: Fair Tax Act of 2005, S.1025, S1025, The Fair Tax Act, The Fair Tax Act: Reviving America's Ecomomy, The FairTax Act, The FairTax Act of 2005.

References

[1] https://en.wikipedia.org/wiki/FairTax

OutgoingIncoming
Hey! We are on Facebook now! »