12/01/2011

Study: Fair Tax Generates More Revenue Than Current Income Tax System

Posted by Brian


AFFT DATA SHOWS FAIRTAX GENERATES MORE REVENUE

Americans Frustrated Watching Tax Policymakers Play “Ground Hog Day”
Washington, DC – Americans for Fair Taxation (AFFT) released today revenue estimates that the FairTax, a national sales tax, would have collected far more federal revenue in 2009 and 2010 than the current income tax based system.
The estimates demonstrate that FairTax-generated revenues for 2009 would have been $171 billion more than the IRS revenue and in 2010; the FairTax would have generated $267 billion more.
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