Table of Contents
224 relations: Advocacy group, 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), Bill Archer, Billy Tauzin, Black market, Blogosphere, Brookings Institution, Bruce Bartlett, Burden of proof (law), Bush tax cuts, Business-to-business, California, Capital (economics), 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, Constitution of the United States, Constitutional amendment, Constitutionality, Consumer spending, Consumption (economics), Consumption tax, Corporate tax in the United States, Cost of goods sold, Creation myth, Dale W. Jorgenson, Dan Boren, Debates within libertarianism, Debit card, Deficit spending, Democratic Party (United States), Dennis Hastert, ... Expand index (174 more) »
- Tax reform in the United States
- United States proposed federal taxation legislation
Advocacy group
Advocacy groups, also known as lobby groups, interest groups, special interest groups, pressure groups, or public associations, use various forms of advocacy or lobbying to influence public opinion and ultimate public policy.
See FairTax and Advocacy group
Alternative minimum tax
The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts.
See FairTax and Alternative minimum tax
American middle class
Though the American middle class does not have a definitive definition, contemporary social scientists have put forward several ostensibly congruent theories on it.
See FairTax and American middle class
American upper class
The American upper class is a social group within the United States consisting of people who have the highest social rank, due to economic wealth, lineage, and typically educational attainment.
See FairTax and American upper class
Americans For Fair Taxation
Americans For Fair Taxation (AFFT), also known as FairTax.org, is a U.S. political advocacy group based in Clearwater, Florida that is dedicated to fundamental tax code replacement. FairTax and Americans For Fair Taxation are tax reform in the United States.
See FairTax and Americans For Fair Taxation
Arbitrage
In economics and finance, arbitrage is the practice of taking advantage of a difference in prices in two or more marketsstriking a combination of matching deals to capitalize on the difference, the profit being the difference between the market prices at which the unit is traded.
Asia
Asia is the largest continent in the world by both land area and population.
See FairTax and Asia
Bank secrecy
Banking secrecy, alternatively 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.
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 2009 to 2017.
Beacon Hill Institute
The Beacon Hill Institute (BHI) is an economic research organization currently located in Medway, Massachusetts.
See FairTax and Beacon Hill Institute
Big-box store
A big-box store, a hyperstore, a supercenter, a superstore, or a megastore is a physically large retail establishment, usually part of a chain of stores.
Bill (law)
A bill is a proposal for a new law, or a proposal to significantly change an existing law.
Bill Archer
William Reynolds Archer Jr. (born March 22, 1928) is an American retired lawyer and politician.
Billy Tauzin
Wilbert Joseph Tauzin II (born June 14, 1943) is an American lobbyist and politician.
Black market
A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is not compliant with an institutional set of rules.
Blogosphere
The blogosphere is made up of all blogs and their interconnections.
Brookings Institution
The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global economy, and economic development.
See FairTax and Brookings Institution
Bruce Bartlett
Bruce Reeves Bartlett (born October 11, 1951) is an American historian and author.
See FairTax and Bruce Bartlett
Burden of proof (law)
In a legal dispute, one party has the burden of proof to show that they are correct, while the other party has no such burden and is presumed to be correct.
See FairTax and Burden of proof (law)
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.
Business-to-business
Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another.
See FairTax and Business-to-business
California
California is a state in the Western United States, lying on the American Pacific Coast.
Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services.
See FairTax and Capital (economics)
Capital gains tax in the United States
In the United States, individuals and corporations pay a tax on the net total of all their capital gains.
See FairTax and Capital gains tax in the United States
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, in contrast to a money market where short-term debt is bought and sold.
See FairTax and Capital market
CBS News
CBS News is the news division of the American television and radio broadcaster CBS.
Certificate of deposit
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States.
See FairTax and Certificate of deposit
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 conservative and Christian right federal political party in Canada; it was founded in 1987, the brainchild of two couples in British Columbia, namely Bill and Heather Stilwell who were Roman Catholics and Ed Vanwoudenberg and his wife, Reformed Protestants.
See FairTax and Christian Heritage Party of Canada
Church of Scientology
The Church of Scientology is a group of interconnected corporate entities and other organizations devoted to the practice, administration and dissemination of Scientology, which is variously defined as a cult, a business, or a new religious movement.
See FairTax and Church of Scientology
Citizens for an Alternative Tax System
Citizens for an Alternative Tax System (CATS) was a national tax reform public interest group in the United States active from 1990 until 2005. FairTax and Citizens for an Alternative Tax System are tax reform in the United States.
See FairTax and Citizens for an Alternative Tax System
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.
See FairTax and Civil liberties in the United States
Collin Peterson
Collin Clark Peterson (born June 29, 1944) is an American accountant, politician, and lobbyist who served as the U.S. representative for from 1991 to 2021.
See FairTax and Collin Peterson
Compliance cost
Compliance costs are all expenses that a company uses up to adhere to government regulations.
See FairTax and Compliance cost
Congressional Research Service
The Congressional Research Service (CRS) is a public policy research institute of the United States Congress.
See FairTax and Congressional Research Service
Constitution of the United States
The Constitution of the United States is the supreme law of the United States.
See FairTax and Constitution of the United States
Constitutional amendment
A constitutional amendment is a modification of the constitution of a polity, organization or other type of entity.
See FairTax and Constitutional amendment
Constitutionality
In constitutional law, constitutionality is said to be 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 set forth in the applicable constitution.
See FairTax and Constitutionality
Consumer spending
Consumer spending is the total money spent on final goods and services by individuals and households.
See FairTax and Consumer spending
Consumption (economics)
Consumption is the act of using resources to satisfy current needs and wants.
See FairTax and Consumption (economics)
Consumption tax
A consumption tax is a tax levied on consumption spending on goods and services.
See FairTax and Consumption tax
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.
See FairTax and Corporate tax in the United States
Cost of goods sold
Cost of goods sold (COGS) is the carrying value of goods sold during a particular period.
See FairTax and Cost of goods sold
Creation myth
A creation myth or cosmogonic myth is a type of cosmogony, a symbolic narrative of how the world began and how people first came to inhabit it.
Dale W. Jorgenson
Dale Weldeau Jorgenson (May 7, 1933 – June 8, 2022) was an American economist who served as the Samuel W. Morris University Professor at Harvard University.
See FairTax and Dale W. Jorgenson
Dan Boren
David Daniel Boren (born August 2, 1973) is an American businessman and politician who is the Secretary of Commerce for the Chickasaw Nation, based in Oklahoma.
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.
See FairTax and Debates within libertarianism
Debit card
A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases.
Deficit spending
Within the budgetary process, 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.
See FairTax and Deficit spending
Democratic Party (United States)
The Democratic Party is one of the two major contemporary political parties in the United States.
See FairTax and Democratic Party (United States)
Dennis Hastert
John Dennis Hastert (born January 2, 1942) is an American former politician, teacher, and wrestling coach who represented from 1987 to 2007 and served as the 51st Speaker of the United States House of Representatives from 1999 to 2007.
See FairTax and Dennis Hastert
Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
Due process
Due process of law is application by the state of all legal rules and principles pertaining to a case so all legal rights that are owed to a person are respected.
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.
See FairTax and Dynamic scoring
Economic growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year.
See FairTax and Economic growth
Economic inequality
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
See FairTax and Economic inequality
Effect of taxes and subsidies on price
Taxes and subsidies change the price of goods and, as a result, the quantity consumed.
See FairTax and Effect of taxes and subsidies on price
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.
See FairTax and Electronic funds transfer
Entitlement program
An entitlement is a government program guaranteeing access to some benefit by members of a specific group and based on established rights or by legislation.
See FairTax and Entitlement program
Environmental economics
Environmental economics is a sub-field of economics concerned with environmental issues.
See FairTax and Environmental economics
Estate tax in the United States
In the United States, the estate tax is a federal tax on the transfer of the estate of a person who dies.
See FairTax and Estate tax in the United States
Europe
Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.
Export
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country.
FactCheck.org
FactCheck.org is a nonprofit website that aims to reduce the level of deception and confusion in U.S. politics by providing original research on misinformation and hoaxes.
Factors of production
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services.
See FairTax and Factors of production
Family
Family (from familia) is a group of people related either by consanguinity (by recognized birth) or affinity (by marriage or other relationship).
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.
See FairTax and Federal funds rate
Federal Insurance Contributions Act
The Federal Insurance Contributions Act (FICA) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
See FairTax and Federal Insurance Contributions Act
Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.
See FairTax and Federal Reserve
Financial services
Financial services are economic services tied to finance provided by financial institutions.
See FairTax and Financial services
Fine (penalty)
A fine or mulct (the latter synonym typically used in civil law) is a penalty of money that a court of law or other authority decides has to be paid as punishment for a crime or other offense.
See FairTax and Fine (penalty)
Flat tax
A flat tax (short for flat-rate tax) is a tax with a single rate on the taxable amount, after accounting for any deductions or exemptions from the tax base.
Fourth Amendment to the United States Constitution
The Fourth Amendment (Amendment IV) to the United States Constitution is part of the Bill of Rights.
See FairTax and Fourth Amendment to the United States Constitution
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
Gary Johnson
Gary Earl Johnson (born January 1, 1953) is an American businessman and politician who served as the 29th governor of New Mexico from 1995 to 2003 as a member of the Republican Party.
George W. Bush
George Walker Bush (born July 6, 1946) is an American politician and businessman who served as the 43rd president of the United States from 2001 to 2009.
See FairTax and George W. Bush
Georgia (U.S. state)
Georgia, officially the State of Georgia, is a state in the Southeastern region of the United States.
See FairTax and Georgia (U.S. state)
Georgism
Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that people should own the value that they produce themselves, while the economic rent derived from land—including from all natural resources, the commons, and urban locations—should belong equally to all members of society. FairTax and Georgism are tax reform in the United States.
Gift tax
In economics, a gift tax is the tax on money or property that one living person or corporate entity gives to another.
Godfather's Pizza
Godfather's Pizza is an American privately owned restaurant chain headquartered in Omaha, Nebraska, that operates fast casual Italian franchises and pizza express locations.
See FairTax and Godfather's Pizza
Goods
In economics, goods are items that satisfy human wantsQuotation from Murray Milgate, 2008, "Goods and Commodities".
Government Accountability Office
The U.S. Government Accountability Office (GAO) is an independent, nonpartisan government agency within the legislative branch that provides auditing, evaluative, and investigative services for the United States Congress.
See FairTax and Government Accountability Office
Gross income
For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes.
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.
See FairTax and Hall–Rabushka flat tax
Health care
Health care, or healthcare, is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people.
Henry Paulson
Henry "Hank" Merritt Paulson Jr. (born March 28, 1946) is an American investment banker and financier who served as the 74th United States Secretary of the Treasury from 2006 to 2009.
Herman Cain
Herman Cain (December 13, 1945July 30, 2020) was an American businessman and Tea Party movement activist in the Republican Party.
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).
See FairTax and Home mortgage interest deduction
House
A house is a single-unit residential building.
Household
A household consists of one or more persons who live in the same dwelling.
Houston
Houston is the most populous city in the U.S. state of Texas and in the Southern United States.
Illegal drug trade
The illegal drug trade, drug trafficking, or narcotrafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of prohibited drugs.
See FairTax and Illegal drug trade
Illegal immigration to the United States
Foreign nationals, known as aliens, violate US immigration laws by entering the United States unlawfully, or by lawfully entering but then remaining after the expiration of their visas, parole or temporary protected status.
See FairTax and Illegal immigration to the United States
Immigration to the United States
Immigration to the United States has been a major source of population growth and cultural change throughout much of its history.
See FairTax and Immigration to the United States
Income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.
Income tax in the United States
The United States federal government and most state governments impose an income tax.
See FairTax and Income tax in the United States
Inflation
In economics, inflation is a general increase in the prices of goods and services in an economy.
Information exchange
Information exchange or information sharing means that people or other entities pass information from one to another.
See FairTax and Information exchange
Internal Revenue Code
The Internal Revenue Code of 1986 (IRC), is the domestic portion of federal statutory tax law in the United States.
See FairTax and Internal Revenue Code
Internal Revenue Service
The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law.
See FairTax and Internal Revenue Service
International business
International business refers to the trade of Goods and service goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale.
See FairTax and International business
International trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services.
See FairTax and International trade
Internet
The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices.
Investment
Investment is traditionally defined as the "commitment of resources to achieve later benefits".
James A. Baker III Institute for Public Policy
"Rice University's Baker Institute for Public Policy", also known as the "Baker Institute", is an American think tank housed on the campus of Rice University in Houston, Texas.
See FairTax and James A. Baker III Institute for Public Policy
James Taranto
James Taranto (born January 6, 1966) is an American journalist.
Joel Slemrod
Joel Brian Slemrod (born July 14, 1951) is an American economist and academic, currently serving as 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.
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.
John Stossel
John Frank Stossel (born March 6, 1947) is an American libertarian television presenter, author, consumer journalist, political activist, and pundit.
Land value tax
A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it.
See FairTax and Land value tax
Larry Elder
Laurence Allen Elder (born April 27, 1952) is an American conservative political commentator and talk radio host.
Laurence Kotlikoff
Laurence Jacob Kotlikoff (born January 30, 1951) is an American economist who has served as a professor of economics at Boston University since 1984.
See FairTax and Laurence Kotlikoff
Libertarian Party (United States)
The Libertarian Party (LP) is a political party in the United States that promotes civil liberties, non-interventionism, ''laissez-faire'' capitalism, and limiting the size and scope of government.
See FairTax and Libertarian Party (United States)
Macroeconomics
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole.
See FairTax and Macroeconomics
Mailing list
A mailing list is a collection of names and addresses used by an individual or an organization to send material to multiple recipients.
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.
See FairTax and Marriage penalty
Medicare (United States)
Medicare is a federal health insurance program in the United States for people age 65 or older and younger people with disabilities, including those with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease).
See FairTax and Medicare (United States)
Mergers and acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, business organizations, or their operating units are transferred to or consolidated with another company or business organization.
See FairTax and Mergers and acquisitions
Mike Gravel
Maurice Robert "Mike" Gravel (May 13, 1930 – June 26, 2021) was an American politician and writer who represented Alaska in the United States Senate from 1969 to 1981 as a member of the Democratic Party.
Mike Huckabee
Michael Dale Huckabee (born August 24, 1955) is an American political commentator, Baptist minister, and former politician who served as the 44th governor of Arkansas from 1996 to 2007.
Money (financial website)
Money is an American brand and a personal finance website owned by Money Group — and formerly a monthly magazine first published by Time Inc. (1972–2018) and later by Meredith Corporation (2018–2019).
See FairTax and Money (financial website)
Money supply
In macroeconomics, money supply (or money stock) refers to the total volume of money held by the public at a particular point in time.
Municipal bond
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts.
See FairTax and Municipal bond
Narcotic
The term narcotic (from ancient Greek ναρκῶ narkō, "I make numb") originally referred medically to any psychoactive compound with numbing or paralyzing properties.
National debt of the United States
The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders.
See FairTax and National debt of the United States
National Income and Product Accounts
The national income and product accounts (NIPA) are part of the national accounts of the United States.
See FairTax and National Income and Product Accounts
National Retail Federation
The National Retail Federation (NRF) is the world's largest retail trade association.
See FairTax and National Retail Federation
Natural environment
The natural environment or natural world encompasses all biotic and abiotic things occurring naturally, meaning in this case not artificial.
See FairTax and Natural environment
Neal Boortz
Neal A Boortz Jr. (born April 6, 1945) is an American author, former attorney, and former libertarian radio host.
Net income
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.
Nobel Memorial Prize in Economic Sciences
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award funded by Sveriges Riksbank and administered by the Nobel Foundation.
See FairTax and Nobel Memorial Prize in Economic Sciences
Nonprofit organization
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, or simply a nonprofit (using the adjective as a noun), is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners.
See FairTax and Nonprofit organization
OECD
The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade.
See FairTax and OECD
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.
Owner-occupancy
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live.
See FairTax and Owner-occupancy
Poverty
Poverty is a state or condition in which an individual lacks the financial resources and essentials for a certain standard of living.
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.
See FairTax and President of the United States
President's Advisory Panel on Federal Tax Reform
On January 7, 2005, President George W. Bush announced the establishment of the President's Advisory Panel on Federal 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. FairTax and President's Advisory Panel on Federal Tax Reform are tax reform in the United States.
See FairTax and President's Advisory Panel on Federal Tax Reform
Princeton University
Princeton University is a private Ivy League research university in Princeton, New Jersey.
See FairTax and Princeton University
Progressive tax
A progressive tax is a tax in which the tax rate increases as the taxable amount increases.
See FairTax and Progressive tax
Purchasing power
Purchasing power refers to the amount of products and services available for purchase with a certain currency unit.
See FairTax and Purchasing power
Rasmussen Reports
Rasmussen Reports is an American polling company founded in 2003.
See FairTax and Rasmussen Reports
Real and nominal value
In economics, nominal value refers to value measured in terms of absolute money amounts, whereas real value is considered and measured against the actual goods or services for which it can be exchanged at a given time.
See FairTax and Real and nominal value
Real property
In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated structures which are the property of a person.
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.
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.
See FairTax and Regressive tax
Religious organization
Religious activities generally need some infrastructure to be conducted.
See FairTax and Religious organization
Republican Party (United States)
The Republican Party, also known as the GOP (Grand Old Party), is one of the two major contemporary political parties in the United States.
See FairTax and Republican Party (United States)
Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers.
Rob Woodall
William Robert Woodall III (born February 11, 1970) is an American attorney and politician who was the U.S. representative for from 2011 to 2021.
Roth IRA
A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met.
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.
See FairTax and Sales tax audit
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.
See FairTax and Sales taxes in the United States
Saving
Saving is income not spent, or deferred consumption.
Saxby Chambliss
Clarence Saxby Chambliss (born November 10, 1943) is an American lawyer and retired politician who was a United States Senator from Georgia from 2003 to 2015.
See FairTax and Saxby Chambliss
Sean Hannity
Sean Patrick Hannity (born December 30, 1961) is an American conservative broadcast host and writer.
Self-incrimination
In criminal law, self-incrimination is the act of making a statement that exposes oneself to an accusation of criminal liability or prosecution.
See FairTax and Self-incrimination
Semantics
Semantics is the study of linguistic meaning.
Sentence (law)
In criminal law, a sentence is the punishment for a crime ordered by a trial court after conviction in a criminal procedure, normally at the conclusion of a trial.
See FairTax and Sentence (law)
Service (economics)
A service is an act or use for which a consumer, company, or government is willing to pay.
See FairTax and Service (economics)
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.
Sixteenth Amendment to the United States Constitution
The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows Congress to levy an income tax without apportioning it among the states on the basis of population.
See FairTax and Sixteenth Amendment to the United States Constitution
Social inequality
Social inequality occurs when resources within a society are distributed unevenly, often as a result of inequitable allocation practices that create distinct unequal patterns based on socially defined categories of people.
See FairTax and Social inequality
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 (SSA).
See FairTax and Social Security (United States)
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 survivor benefits.
See FairTax and Social Security Administration
Speaker of the United States House of Representatives
The speaker of the United States House of Representatives, commonly known as the speaker of the House, is the presiding officer of the United States House of Representatives.
See FairTax and Speaker of the United States House of Representatives
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.
See FairTax and Static analysis
Stock
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the shares by which ownership of a corporation or company is divided.
Sunset provision
In public policy, a sunset provision or sunset clause is a measure within a statute, regulation or other law that provides for the law to cease to be effective after a specified date, unless further legislative action is taken to extend it.
See FairTax and Sunset provision
Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market.
See FairTax and Supply and demand
Supply-side economics
Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade.
See FairTax and Supply-side economics
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.
Tax Analysts
Tax Analysts is a nonprofit publisher offering the Tax Notes portfolio of products, including weekly magazines featuring commentary, daily online journals featuring news and analysis, and research tools, all focused on tax policy and administration.
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.
Tax bracket
Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, though that is rarer).
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.
Tax deduction
A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income.
Tax evasion
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others.
Tax incidence
In economics, tax incidence or tax burden is the effect of a particular tax on the distribution of economic welfare.
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.
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.
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.
Tax withholding in the United States
Three key types of withholding tax are imposed at various levels in the United States.
See FairTax and Tax withholding in the United States
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.
See FairTax and The Coming Generational Storm
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. FairTax and the FairTax Book are tax reform in the United States.
See FairTax and The FairTax Book
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.
See FairTax and The New York Times Best Seller list
The Wall Street Journal
The Wall Street Journal (WSJ), also referred to simply as the Journal, is an American newspaper based in New York City, with a focus on business and finance.
See FairTax and The Wall Street Journal
Tim Worstall
Tim Worstall (born 27 March 1963, Torquay) is a British-born writer and blogger and Senior Fellow of the Adam Smith Institute.
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.
See FairTax and Tuition payments
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.
See FairTax and U.S. Customs and Border Protection
U.S. state
In the United States, a state is a constituent political entity, of which there are 50.
United States Congress
The United States Congress, or simply Congress, is the legislature of the federal government of the United States.
See FairTax and United States Congress
United States Congressional 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.
See FairTax and United States Congressional Joint Committee on Taxation
United States Department of Health and Human Services
The United States Department of Health and Human Services (HHS) is a cabinet-level executive branch department of the U.S. federal government created to protect the health of the U.S. people and providing essential human services.
See FairTax and United States Department of Health and Human Services
United States Department of the Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department.
See FairTax and United States Department of the Treasury
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.
See FairTax and United States House Committee on Ways and Means
United States Secretary of the Treasury
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States.
See FairTax and United States Secretary of the Treasury
University of Michigan
The University of Michigan (U-M, UMich, or simply Michigan) is a public research university in Ann Arbor, Michigan.
See FairTax and University of Michigan
University of Tennessee
The University of Tennessee, Knoxville (or The University of Tennessee; UT; UT Knoxville; or colloquially UTK or Tennessee) is a public land-grant research university in Knoxville, Tennessee.
See FairTax and University of Tennessee
Used good
Used goods, also known as secondhand goods, are any item of personal property offered for sale not as new, including metals in any form except coins that are legal tender, but excluding books, magazines, and postage stamps.
Value added
Value added is a term in financial economics for calculating the difference between market value of a product or service, and the sum value of its constituents.
Value-added tax
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)), is a consumption tax that is levied on the value added at each stage of a product's production and distribution.
See FairTax and Value-added tax
Vernon L. Smith
Vernon Lomax Smith (born January 1, 1927) is an American economist who is currently a professor of economics and law at Chapman University.
See FairTax and Vernon L. Smith
Wage
A wage is payment made by an employer to an employee for work done in a specific period of time.
See FairTax and Wage
Ways and means committee
A ways and means committee is a government body that is charged with reviewing and making recommendations for government budgets.
See FairTax and Ways and means committee
Wealth
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.
Welfare
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter.
Welfare economics
Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society.
See FairTax and Welfare economics
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.
See FairTax and William G. Gale
Windfall gain
A windfall gain is an unusually high or abundant income, that is sudden and/or unexpected.
Xenu
Xenu, also called Xemu, is a figure in the Church of Scientology's secret "Advanced Technology", a sacred and esoteric teaching.
See FairTax and Xenu
Zell Miller
Zell Bryan Miller (February 24, 1932 – March 23, 2018) was an American politician who served as a United States senator representing Georgia from 2000 to 2005 and as the 79th governor of Georgia from 1991 to 1999.
106th United States Congress
The 106th 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.
See FairTax and 106th United States Congress
108th United States Congress
The 108th 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.
See FairTax and 108th United States Congress
109th United States Congress
The 109th 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.
See FairTax and 109th United States Congress
110th United States Congress
The 110th 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 Presidency of George W. Bush.
See FairTax and 110th United States Congress
111th United States Congress
The 111th United States Congress was a meeting of the legislative branch of the United States federal government from January 3, 2009, until January 3, 2011.
See FairTax and 111th United States Congress
112th United States Congress
The 112th United States Congress was a meeting of the legislative branch of the United States federal government, from January 3, 2011, until January 3, 2013.
See FairTax and 112th United States Congress
113th United States Congress
The 113th 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.
See FairTax and 113th United States Congress
114th United States Congress
The 114th United States Congress was a meeting of the legislative branch of the United States of America federal government, composed of the United States Senate and the United States House of Representatives.
See FairTax and 114th United States Congress
115th United States Congress
The 115th United States Congress was a meeting of the legislative branch of the United States of America federal government, composed of the Senate and the House of Representatives.
See FairTax and 115th United States Congress
116th United States Congress
The 116th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the Senate and the House of Representatives.
See FairTax and 116th United States Congress
117th United States Congress
The 117th 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.
See FairTax and 117th United States Congress
2008 Republican Party presidential candidates
This article contains lists of official candidates associated with the 2008 Republican Party presidential primaries for the 2008 United States presidential election.
See FairTax and 2008 Republican Party presidential candidates
2008 United States presidential election
The 2008 United States presidential election was the 56th quadrennial presidential election, held on November 4, 2008.
See FairTax and 2008 United States presidential election
See also
Tax reform in the United States
- 2006 New Jersey state government shutdown
- 2006 Washington Initiative 920
- 2017 New Jersey state government shutdown
- 9–9–9 Plan
- Americans For Fair Taxation
- Americans Standing for the Simplification of the Estate Tax
- Americans for Tax Reform
- Automated Payment Transaction tax
- Buffett Rule
- Center for Freedom and Prosperity
- Citizens for Tax Justice
- Citizens for an Alternative Tax System
- Competitive Tax Plan
- Daniel J. Mitchell
- Distribution of the FairTax burden
- Efficient Taxation of Income
- FairTax
- FreedomWorks
- Georgism
- Henry George
- IRS Whistleblower Office
- James M. Bennett
- John Sherwin Crosby
- Kemp Commission
- Kepner Income Tax
- Predicted effects of the FairTax
- President's Advisory Panel on Federal Tax Reform
- Reagan tax cuts
- Revenue neutrality of the FairTax
- Rio Grande Foundation
- Show-Me Institute
- Single Tax Party
- Tax Foundation
- Tax Policy Center
- Taxpayer Choice Act
- The FairTax Book
- USA Tax
- X tax
United States proposed federal taxation legislation
- America's Healthy Future Act
- American Research and Competitiveness Act of 2014
- Americans Standing for the Simplification of the Estate Tax
- Artist–Museum Partnership Act
- Don't Weaponize the IRS Act
- Economic Recovery and Middle-Class Tax Relief Act of 2009
- Equal Access to COBRA Act
- Ex-PATRIOT Act
- FairTax
- Family and Small Business Taxpayer Protection Act
- Financial Crisis Responsibility Fee
- Healthy Americans Act
- Let Wall Street Pay for the Restoration of Main Street Bill
- PHIT Act
- Reinvigorating Antibiotics and Diagnostic Innovation Act
- Religious Freedom Peace Tax Fund Act
- Tax Parity for Health Plan Beneficiaries Act
- Taxpayer Choice Act
- USA Tax
- Vaccines for the New Millennium Act
References
Also known as Fair Tax, Fair Tax Act, Fair Tax Act of 2003, Fair Tax Act of 2005, Fair Tax Act of 2007, Fair-tax, FairTax Act, FairTax Act 2005, FairTax Act of 2003, FairTax Act of 2005, FairTax Act of 2007, FairTax Revolution, H.R. 25, H.R. 25: Fair Tax Act of 2005, H.R.25, HR 25, HR25, 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.
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