Ten Reasons the “FairTax” Act Fails Us

A review of the “FairTax” Act that calls for the repeal of Federal Income, Payroll, Business, Capital Gains, Estate Taxes, and even the 16th Amendment of the Constitution to impose a temporary 23% National Sales. From increased tax fraud to pitting families against businesses, this video reviews ten reasons the “FairTax” Act fails us. Sources:

“FairTax” Act: https://www.congress.gov/bill/118th-congress/house-bill/25

IRS Tax Gap Reports: https://www.irs.gov/newsroom/the-tax-gap IRS Estate Tax SOI: https://www.irs.gov/statistics/soi-tax-stats-estate-gift-and-trust-statistics

FED Wealth Inequality: https://www.stlouisfed.org/open-vault/2019/august/wealth-inequality-in-america-facts-figures Audio Special Thanks:

Adrift Among Infinite Stars by Scott Buckley | https://soundcloud.com/scottbuckley

Music promoted by https://www.free-stock-music.com

Creative Commons / Attribution 4.0 International (CC BY 4.0)

https://creativecommons.org/licenses/by/4.0/

Readers! Do You Read by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 License. https://creativecommons.org/licenses/by/4.0/

Source: http://chriszabriskie.com/reappear/

Artist: http://chriszabriskie.com/