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Onepersonstrashisanother
personstreasure
Robert Frenzel
Volunteer State Director
Virginia
9/1/2014 Americans For Fair Taxation (AFFT) 1
Flat Tax
Flattens individual and corporate rates
The rest of the code stays in place
This is how the current income tax started
The IRS stays in place
-23.0%
0.0%
7.7%
11.5%
17.2%
20.1%
21.6%
22.3% 22.6%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
$15,730 $31,460 $47,190 $62,920 $125,840 $251,680 $503,360 $1,006,720 $2,013,440
Note: The Tax rate is calculated by subtracting the annual prebate from the FairTaxes on spending and
dividing that result by annual spending. Annual spending has to reach over $14 million per year before
the FairTax, as a percent of spending, reaches
FairTax Rate as a Percent of Spending: 2014
Two Adult/Two Child Household
Annual Spending
SoWhy The FairTax?
SIMPLE
EFFICIENT
FAIR, FLAT and PROGRESSIVE
REVENUE NEUTRAL
TRANSPARENT
ENHANCES GLOBAL COMPETITIVENESS
ENSURES FUNDING OF SOCIAL SECURITY AND MEDICARE
ABOLISHES THE IRS
Local Events
FairTax rallies
Local meet-ups (Paneras, Starbucks)
Membership signups (Walmart)
Auto shows
Gun shows
Tea Party events
Libertarian events
Political clubs
Questions?