Gradually Eliminates National Debt and Debt Interest
Generates Necessary Revenue
More Revenue Benefits National and Social Security
Enhances Economic Stability And Equality
Increases Trust In The System
Use our FAST TAX CALCULATOR. Compare the FAST Tax
with the current, unfair, tax code and see how it will affect your bottom line.
What Is FAST?
The Fair Automatic Simple Tax Plan ("FAST") was designed to pay off the national debt 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
govenment, pay off the national debt over time, prevent the government from borrowing funds from outside sources and
waste billions of dollars in debt interest.
Now FAST Benefits All Americans:
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
Yearly, IRS saves billion$ on printing, mailing, forms, pamphlets, etc.
restores free world's and Americans' trust in our economy — and buttresses our Democracy
The KEY To Success
FAST lowers tax rates: 2%-20.5% for individuals and 6.5% for
corporations (suggested), eliminates deductions, loopholes, special credits AND FAST
ensures that everyone pays their own fair share.
In addition, FAST includes a temporary Deficit Reduction Rate
("DRR") to gradually, and painlessly, pay off the debt in about 20 years. The DRR
disappears automatically when the debt is paid off.
Our Huge National-Debt Burden
Right now, American taxpayers pay about $2.4 billion a day on interest for our $34 trillion national debt. Unless we change
course soon, the debt will rise to $4.5 billion a day in 2034.
Wouldn't the $2.4 billion a day spent on debt-interest be better spent on healthcare, education, U.S. border security,
Ukraine (U.S. national security)?
Why We Have This Huge Debt
Corporations (those who pay taxes, collectively, usually pay less than 1% after deductions) and some individuals — pay no taxes.
Thus, our government can't be provided with enough revenue to keep the U.S. economy healthy and Americans prosperous.
Of course, those who don't pay taxes don't mind enjoying the many "perks" and freedoms our tax system provides them!
The Tax-Rate Seesaw
Some politicians believe that cutting tax rates is the most efficient way to stimulate the economy and create jobs. Others claim that
raising rates on the wealthy is the best revenue-intake solution.
However, historically, neither solution has ever worked — or lasted! Here's why: when Republicans lower
marginal tax rates (rates before deductions) without eliminating all deductions, loopholes and special credits, the revenue-intake decreases.
When the revenue-intake decreases, the national debt increases and billion$ in debt-interest are added — usually followed by a
recession, e.g., the 2008 Great Recession caused by the G.W. Bush Administration!
Conversely, if taxes are raised to "fix" the economy, Republicans label Democrats as fiscally-irresponsible, tax-and-spend Liberal/Socialists
and, when their party holds the majority, they quickly lower the marginal tax rates.
