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Sioux Falls

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About The Business

FairTax.org is the website for FairTax Inc., a non-profit organization dedicated to educating the public about the FairTax, a national consumption tax proposed as a replacement for the current federal income tax system. The FairTax is a comprehensive plan to replace the current tax system with a national consumption tax. It eliminates all federal income taxes, payroll taxes, gift taxes, estate taxes, and corporate income taxes.

The FairTax is a simple, fair, and economically sound alternative to the current tax system. It would simplify tax preparation and filing, and it would make the tax system more transparent and accountable. It would also stimulate economic growth by reducing the tax burden on businesses and individuals.

The FairTax would be a consumption tax, levied on the purchase of goods and services. The rate would be set to generate the same revenue as the current federal income tax system. It would include a prebate, a monthly payment to all households to offset the cost of the tax on essential goods and services, ensuring low- and middle-income households are not disproportionately burdened.

The FairTax would be collected at the point of sale, making it easy to administer and enforce. This would create a more efficient and effective way to raise revenue, and a fairer system taxing consumption rather than income. It would make the United States more competitive globally and simplify the tax code for easier compliance. The FairTax would create a more efficient and effective tax system benefiting all Americans. For more information, please visit FairTax.org.

Location and Address

1727 S Cleveland Ave, Sioux Falls, SD 57103

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