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.
How
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
- saves IRS billion$ yearly: printing, mailing forms, pamphlets, etc.
- restores free world's and Americans' trust in our economy
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.
The
$2.4 billion a day the U.S. pays on
debt interest would be better spent on
healthcare,
education,
border and national security!
This Is The Problem
Collectively, those corporations that in fact pay taxes, usually pay
less than 1% after deductions — some
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!