Subject: Fair Tax Act Comment: I wholeheartedly encourage the panel to consider the Fair Tax HR25 a reality for the citizens. If the current tax system (payroll tax and income tax) is eliminated, new goods and services will automatically decrease by 22% on an average. Of course, this means we will pay a national sales tax on top of that reduced cost which will bring our prices back to about what they cost now.When that happens, every American will have 100% of their income,no payroll or income taxes. By eliminating the IRS, the government will have saved billions of dollars annually for other purposes. The Fair Tax plan is the most well-researched tax plan ever. PLEASE make the IRS and its burdensome tax laws history. What a great day for the United States of America when April 15th becomes just another day! Thank you for this opportunity for me to express what I feel about our taxation problem. |