Chairman's Report

Again, this week's Chariman's Report is guest written by CPA Jade Walle. In it, he looks at how the FAIRtax will impact sole proprietorships and other extremely small businesses.

President Trump's Big Beautiful Bill did make some positive changes to the income tax system. However, the question remains, which is better for business, the new, improved income tax system, or the FAIRtax? Guest author Jade Walle takes a look and comes to a solid conclusion. The FAIRtax is still the clear winner.

By the time the Big Beautiful Bill made it through Congress, President Trump got a lot less than he promised when he said that he was going to eliminate income taxes on Social Security, tips and overtime. But there's still a way to do all that and more. Pass the FAIRtax.

The Big Beautiful Bill contains $175 billion in spending for border security. This week, guest writer Jade Walle explains how the FAIRtax would enhance border security without the need to spend billions more.

We heard a lot about reconciliation when Congress was working on passing the Big Beautiful Bill. But how would the FAIRtax advance in the Senate if it were passed by the House? Guest writer Jade Walle has a surprising answer in this week's Chairman's Report.

This week's Chairman's Report is guest written by Rich Germaine. In it, Rich analyzes a recent poll on voter opinions about taxation and the current tax system. It's really good news for the FAIRtax.

The FAIRtax provides American taxpayers with two critical and interdependent aspects of liberty--freedom from and freedom to. Check it all out in this week's Chariman's Report.

With President Trump's Big, Beautiful Bill working its way through Congress, guest author Jade Walle shows how the FAIRtax is really much bigger and much more beautiful when it comes to meeting the three factors that economists agree are vital for promoting economic growth.

With no fanfare and very little public notice, the Biden administration gave the IRS some rather frightening powers that are still being used even though Joe Biden is no longer in the White House. Check it all out in this week's Chairman's Report.

This week, guest author Jade Walle points out that anyone who studies politics and knows what the two parties believe in and stand for would be shocked to learn that Democrats are not supporting the FAIRtax in droves. That's because the FAIRtax checks so many of the Democrat boxes.

Pope Leo XIV is the first American citizen to hold that office, but the IRS could be brewing up some trouble for him. That's because the United States is the only developed country in the world that taxes its citizens who live outside its boundaries. See what kind of traps the newly elected Pope could fall into in this week's Chairman's Report.

The old axiom says that we get less of what we tax. This week, guest author Jade Walle shows that that's not necessarily true when it comes to the effect the FAIRtax will have on the US economy.

Like the scorpion who stings the turtle in the famous fable, the IRS continues to do things that chip away at what little support they currently have with the American people. Case is point is how the IRS is now aggressively pursuing people who make money online.

Our nation is over $35 trillion in debt. It's clear that our politicians are addicted to spending more than they take in. In this week's Chairman's Report, guest writer Jade Walle explains how the FAIRtax would help rein in our government's runaway spending.

In addition to the actual taxes collected, the income/payroll tax system imposes an almost unimaginable additional burden on American taxpayers. This week, AFFT president Steve Hayes highlights a Tax Foundation study that shows how bad the current tax system really is.

This week's Chairman's Report is guest written by Bob Paxton. In it, he looks at the recent legislation aimed at getting rid of the state income tax in Mississippi. While that sounds like a good thing, all is not as it seems.

This week's Chairman's Report is guest written by CPA Jade Walle. Jade reviews a rather unconventional book on financial planning and observes that none of the author's recommendations would be needed if the FAIRtax was the law of the land.

This week's Chairman's Report is written by Tony Urbanek. Tony is a Tennessee resident and a member of the AFFT Board of Directors. He proudly reports that Tennessee has passed Resolution HJR 17 urging the President and Congress to pass HR 25, the FAIRtax.

This week's Chairman's Report is written by Jade Walle, a practicing CPA and one time member of the AFFT Board of Directors. He notes that the IRS modernization project is in year 35 of a five-year plan--and it's still five years away. Fortunately, there's a solution to modernizing America's tax system. Pass the FAIRtax.

This week's Chairman's Report is guest written by Dr. David Kendall, a professor of economics and finance at the University of Virginia's College at Wise. In it, Professor Kendall makes a compelling case against the income tax from a moral point of view.

This week's Chairman's Report is guest written by Jade Walle. In it, he explores how senior citizens will fare under the FAIRtax as compared to the current income tax. Spoiler alert--the FAIRtax wins.

American taxpayers know that there are significant costs associated with the income tax above and beyond one's tax liability. In this week's Chairman's Report, AFFT president Steve Hayes shares an article written by Professor Glenn Harlan Reynolds that details just how expensive the income tax system really is.

Over the years, the federal government has spent billions of dollars on environmental causes. Like the Solyndra debacle, most of those dollars have been wasted. In this week's Chairman's Report, guest author Jade Walle shows us a better way--the FAIRtax.

Remember Charles Littlejohn? He's the IRS contractor who stole and leaked confidential income tax data. It turns out that the leak involved a lot more people than originally thought. Want to stop something like that from ever happening again. There's only one way. Replace the income tax with the FAIRtax.

DOGE is finding billions of dollars of government waste, but for people to fully support cutting it, they must be able to see how cutting waste directly benefits them. This week, AFFT president Steve Hayes shows how the FAIRtax will help people see a direct benefit from cutting government waste and in the process, help balance the federal budget.

In just a few short weeks the Department of Government Efficiency has uncovered billions of dollars of government waste. This has left thousands of people wondering how such a thing could happen. Charley Reese, a columnist with the Orlando Sentinel published the answer in 1995. This week, AFFT president Steve Hayes shares that column.

Democracy and bureaucracy are two entirely different things with regard to our government. In this week's Chairman's Report, guest author Jade Walle takes a look at which side the income tax and the FAIRtax fall on.

Government elites in countries all around the world have used various methods of controlling their populations, but their goal has always been the same--to protect their own positions of power. In this week's Chairman's Report, AFFT president Steve Hayes draws a striking comparison between the German elites who used the Berlin Wall to control their population and the DC elites who do the same to American citizens using the income tax and the IRS.

This week's Chairman's Report presents an article authored by Roger Buchholtz. Roger is a successful businessman and ardent FAIRtax advocate.

Is asking Congress to pass the FAIRtax a bridge too far? Not necessarily. See why in this week's Chairman's Report guest written by economics professor Dr. David Kendall.

Alexander Hamilton published Federalist Paper 21 in December of 1787. This week, AFFT president Steve Hayes looks at the parts of that paper that are still relevant to what taxation should look like today.

Most people don't think about it, but the cost of complying with the myriad of federal regulations that touch just about every aspect of our lives is staggering. AFFT president Steve Hayes looks at some of them in this week's Chairman's Report.

President Trump has indicated that he is serious about shaking up the Washington establishment that has ruled for as long as any of us can remember. His second term is going to be anything but business as usual in the nation's capital. This gives us the best opportunity we've ever had to abolish the income tax that the establishment has used as a cash cow for decades. Now is the time to mobilize and let your representatives know that you want the FAIRtax.

Will the American people support abolishing the income tax and the IRS even when the tax agency isn't causing them an immediate problem? AFFT president Steve Hayes thinks they will and offers proof in this week's Chairman's Report.

The FAIRtax deals exclusively with collecting revenue, not government spending. Still, AFFT vice president Randy Fischer shows how enacting the FAIRtax would encourage a reduction in federal spending and help bring our burgeoning national debt under control.

Donald Trump is on record saying he wants to abolish the income tax and instead, fund the government largely with tariffs. This week, AFFT president Steve Hayes takes a look at an article by economist Peter St. Onge that explores what would happen if President Trump does indeed get rid of the income tax.

Believe it or not, an author from the 5th century BC is showing us the way to pass the FAIRtax. According to Sun Tzu, knowing your enemy as well as knowing yourself is the key to victory in any conflict or competition. The FAIRtax has many opponents, but they're not a monolithic group. Each has their own reasons to be concerned about replacing the income tax with the FAIRtax. AFFT president Steve Hayes shows us how to achieve victory in our fight for the FAIRtax by applying Tzu's basic principle.

Passing the FAIRtax will require having a President who is willing to lead the charge. We have one in President Trump. While he hasn't fully embraced the FAIRtax yet, Mr. Trump has indicated that he would like to eliminate the income tax. The Trump Presidency represents a chance to pass the FAIRtax that might not come again in our lifetime. Let's be sure we make the most of it.

Mark Cuban is convinced that Kamala Harris will not impose a tax on unrealized gains if she is elected President. However, Ms. Harris has not backed off from her previously stated position of favoring a "billionaire minimum tax" that would indeed include taxing unrealized capital gains. Of course, there's no guarantee that she could get such a tax through Congress. Still, we have a choice between two candidates with very different ideas on taxation. So, choose wisely when you vote.

You hear the same old rhetoric every election cycle. "The rich aren't paying their fair share of taxes". A recent article in Forbes by John Goodman challenges this notion by asking questions no one in the media seems willing to ask. Goodman illustrates just how broken our income tax system is and AFFT president Steve Hayes provides the solution--the FAIRtax.