Since the U.S. Tax Code was established in 1913, it has been used as an up-and-down seesaw whose
direction is dictated by the inclinations of the prevailing political party – which are not always intended for the
benefit of all Americans!
For example, instead of benefitting all Americans, these days, the U.S. Tax Code is skewed to benefit
wealthy individuals and corporations. In fact, collectively, corporations which actually pay taxes, usually,
after deductions, pay less than 1% – while others do not pay taxes!
Thus, our government can't be provided with sufficient revenue to keep the U.S. economy healthy and prosperous.
Right now, American taxpayers pay about $3 billion a day on interest for our $40 trillion
national debt. Unless we change course soon, the debt will rise to $4 billion a day by 2030.
Surely, the $3 billion a day the U.S. pays on debt interest would certainly be better spent on Americans'
healthcare, education, and national security!
The Fair Automatic Simple Tax
The "Fair Automatic Simple Tax" (FAST) – NOT to be confused
with the irrational, deceptive "unFAIR Tax" – was created after The Great Bush 43
Recession, when the national debt was $14 Trillion and is now $40 Trillion!
FAST was designed to pay off the national debt within an IRS-established time period
and prevent politicians from skewing the tax code to benefit their wealthy campaign donors — and
themselves!
FAST is designed to automatically adjust tax rates to generate sufficient
revenue to run the government, pay off the national debt over time and prevent the
government from borrowing more money, wasting trillions of dollars in debt interest
and burdening American taxpayers with a huge, ever-growing debt.
FAST lowers tax rates: 2%-20.5% for individuals and
6.5% for corporations (suggested), eliminates deductions, loopholes,
special credits AND ensures that everyone pays his or her own fair share.
In addition, to gradually and painlessly pay off the national debt in about 20
years, FAST includes a temporary Deficit Reduction Rate
("DRR") which disappears automatically when the debt is paid
off.
FAST Benefits List
eliminates Rep/Dem "tax rate up-and-down seesaw"
revenue-intake increases – national debt decreases
eliminates our country's obscene income inequality
eliminates/simplifies tax returns for most taxpayers
saves hundreds of dollars on tax preparation fees
simplifies tax-preparation for the self-employed
saves IRS billion$ yearly: printing, mailing forms, pamphlets, etc.
restores free world's and Americans' trust in our economy
