FairTax proposal (in later campaign stages)
GPTKB entity
Statements (51)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
tax reform proposal
|
| gptkbp:advocatesFor |
gptkb:Americans_For_Fair_Taxation
various U.S. politicians |
| gptkbp:criticizedFor |
impact on middle and lower income households
potential regressivity uncertainty about revenue neutrality |
| gptkbp:gainedAttentionDuring |
gptkb:2008_U.S._presidential_campaign
gptkb:2012_U.S._presidential_campaign |
| https://www.w3.org/2000/01/rdf-schema#label |
FairTax proposal (in later campaign stages)
|
| gptkbp:impact |
gptkb:mortgage_interest_deduction
tax-exempt organizations taxpayer privacy underground economy business investment decisions charitable giving incentives exported goods taxation federal revenue streams health insurance tax treatment imported goods taxation retirement savings taxation state tax systems tax compliance costs |
| gptkbp:intendedUse |
reduce tax evasion
increase transparency in taxation simplify the tax code |
| gptkbp:introducedIn |
gptkb:U.S._Congress
|
| gptkbp:opposedBy |
many tax policy analysts
progressive advocacy groups |
| gptkbp:proposedBy |
late 1990s
replacement of federal income tax with national sales tax elimination of Medicare taxes elimination of Social Security taxes elimination of alternative minimum tax elimination of capital gains taxes elimination of corporate income taxes elimination of estate and gift taxes elimination of payroll taxes elimination of self-employment tax introduction of a 23% national sales tax monthly prebate to offset taxes on necessities |
| gptkbp:relatedTo |
value-added tax
consumption tax flat tax |
| gptkbp:requires |
repeal of the 16th Amendment
|
| gptkbp:supportedBy |
gptkb:Mike_Huckabee
gptkb:John_Linder gptkb:Neal_Boortz |
| gptkbp:wouldAbolish |
gptkb:Internal_Revenue_Service_(IRS)
|
| gptkbp:wouldChange |
tax collection to point of sale
|
| gptkbp:bfsParent |
gptkb:9-9-9_tax_plan
|
| gptkbp:bfsLayer |
6
|