There is a way to abolish the IRS and not ever be required to file another income tax return; or corporate return for that matter! Every dime you earn you would get paid; no taxes withheld. It is within your power to make this a reality!

There is a tax bill before Congress right now that would eliminate the IRS and get rid of corporate taxes, personal income taxes, estate taxes, the death tax, etc. It's known as the FairTax Act and I am here to tell you not only is it fair, it would without a doubt solve our country's economic problems overnight. First I do want to say that The FairTax is violently resisted by an extremely vocal few precisely because it will do what it claims in eliminating the IRS, the more than $300 billion in tax return filing costs, and the insidious corruption of the current tax system. Here's a brief overview of how it works.

What kind of tax is the FairTax?

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

Currently you are paying those taxes when you purchase something, but they are hidden in the cost of the item by all of the goods and services that go into making that item from raw materials to packaged product. These are called embedded taxes because they are not seen on your receipt. Under the FairTax Act, you would be paying the exact same price for a loaf of bread, but the loaf would have a lower shelf price and the tax would be added at the cash register and printed on your receipt.

Is the FairTax actually fair?

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

Tourists and illegal aliens, who pay no taxes now, would be paying their fair share every time they purchase something. Anyone who deals in cash and doesn't report it on an income tax return would now pay the consumption tax on that income at the cash register when they use it to buy something. And yes, the government would still get as much tax revenue as they do now, but the cost of running the government would be a lot less.

The FairTax will have a positive effect onthe U.S. economy.

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

Workers will bring home exactlywhat they earn.

It would put more money in the pockets of every U.S. citizen by removing the income tax. There will be no withholdings from the amount you earn to pay federal taxes, Social Security or Medicare. If you earned $100 you would get paid $100. Companies would no longer be burdened with paying additional taxes on employee wages for Social Security/Medicare.

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

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

Employers would continue to report the wages they pay to individual employees to the Social Security Administration only for the calculation of benefits. The transition to a reformed Social Security system would be eased while ensuring there is sufficient funding to continue promised benefits.

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

Under the FairTax Plan, poor people pay zero net FairTax up to the poverty level! Every household receives a monthly prebate check that is equal to the FairTax paid on essential goods and services [groceries and medicine], and every wage earner is no longer subject to the most oppressive tax of all, the payroll tax.

The FairTax takes careof senior citizens.

The fFairTax does a good job of protecting senior citizens. Low-income seniors get better benefits under the FairTax than underthe current income tax system. There are some who mistakenly believe that people who live only on Social Security don't have to pay any taxes. Those people may not know it, but they are paying the hidden corporate income taxes and employer payroll taxes when they buy anything. Under the FairTax, seniors pay $0.23 out of every dollar they choose to spend on new items. Plus, seniors, like everyone else, receive the monthly prebate check, in advance of making the purchases, for taxes paid on the cost of necessities.

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

Do this RIGHT NOW to ensure this bill gets passed.

First, go to the website FairTax.org and sign the petition to let Congress and the President know that you demand this bill gets passed into law. When visiting the FairTax website, view the congressional scorecard to find out if your state congressional representatives support this bill. If they don't, write them a letter and demand they vote for this bill and that you will be watching this scorecard to see how they voted come election time.

Second, read The FairTax Book: Saying Goodbye to the Income Tax and the IRS by Neal Boortz and Congressman John Linder. Read it so you understand what this bill actually says. The book is not difficult to understand. Then give it to a friend to read and ask them to pass it on, too.

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