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How the FAIRtax Could Help Reduce Inflation
Inflation is sometimes described as a "too many dollars chasing too few goods". While that's an oversimplification of a complex situation, it's basically a sound description. This week, Steve Hayes…
Why the FAIRtax is More Ethical Than the Income Tax
In a nutshell, ethics is the study of right and wrong. There are ethical principles that should guide human behavior to be right, fair, honest and responsible. In this week's Chairman's Report, Steve…
Let's Pit Americans Against Each Other (Part 2)
This week, guest writer Jade Walle follows up on last week's Chairman's Report about how the income tax system is a major contributor to class warfare in America. This week, Jade explains how the…
Let's Pit Americans Against Each Other (Part 1)
This week's Chairman's Report is guest written by CPA and AFFT board member Jade Walle. He explains how the corporate income tax is a quite modest contributor to the federal budget, but is an…
Excise Taxes in the United States
By definition, the FAIRtax is a federal excise tax. In this week's Chairman's Report, AFFT president Steve Hayes recalls both the historical and current uses of excise taxes as a revenue source.
Why the FAIRtax Taxes Government Entities
Some people may be surprised to learn that the FAIRtax will apply to purchases made by government entities. While that may seem strange to some, there's actually a good reason for it. AFFT president…
Social Security Needs Money - Who Will Pay?
The alarm bells have been going off for decades--Social Security is not bringing in enough money to pay the benefits it has promised to American retirees. It sounds like the solution will be painful,…
The FAIRtax Makes Buying a Home Easier
The income tax works against a homebuyer's desire to purchase a new home. The FAIRtax makes homebuying easier. Check out the details in this week's Chairman's Report.
More Lipstick on a Pig
Two Democrat Senators, Chris Van Hollen and Cory Booker, have introduced new tax plans to cut taxes for lower and middle income taxpayers, and raise them on high income taxpayers and corporations.…
How a Tariff Fight Created the Income Tax
President Trump has said repeatedly that he wants to replace the federal income tax with tariffs. But did you know that reducing high tariffs was one of the driving forces behind implementing the…
Missouri Looks at Replacing Its State Income Tax
The Missouri House has passed a proposed constitutional amendment aimed at eventually eliminating the state's income tax by expanding its sales tax. They rightfully see the income tax as a…
Life Without the Federal Income Tax
Washington insiders are adamant in their position that it's simply not possible to replace the federal income tax system. However, this week's Chairman's Report draws attention to the many benefits…
The US Lost $2.2 Trillion to Tax Breaks
People like getting a break on their taxes, but the Treasury loses over $2 trillion a year buying people's loyalty with tax breaks. The politicians know that people who get a break on their taxes are…
Social Media Influencers and What is a Business Deduction?
Social media influencers have to pay taxes on their income the same as any other small business owner. But figuring out what expenses rise to the level of being legitimate business expenses isn't so…
What Happens to Various Groups when the FAIRtax Passes?
The FAIRtax would be a godsend for the individual taxpayer. No more withholding, no more payroll taxes, no more tax returns, no more IRS and a tax refund every month. But for those making their…
The Income Tax - A Rigged System
Recent reports have confirmed what many Americans already suspected--that the income tax system is rigged in favor of the wealthiest Americans. Check out the details in this week's AFFT Chairman's…
The Council of Economic Advisors Supports Consumption Taxes
The Council of Economic Advisors is one of the most prestigious appointments a practicing economist can achieve. Several Nobel Prize winners have chaired the council. Recently, the CEA released a…
Internal, External and Effective Tax Rates Understanding the Difference
The same tax can actually have several different rates depending on the calculation method used. Knowing which rate you're dealing with is essential to making accurate comparisons between the income…
How Federal Taxes Inflate the Price of Everything You Buy
If you think that the tax you see added to your subtotal on any retail receipt is the total amount of tax you're paying on that purchase, you're dead wrong. This week, AFFT president Steve Hayes…
The VAT - How it Works and How Fraudsters Drain the System
Over 170 countries around the world have adopted the value added tax (VAT) as their primary revenue source. With President Trump looking to abolish the income tax, many in Congress are looking at a…
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Chairman's Report has published 350 episodes since May 2019, covering topics in News, Politics.
Chairman's Report is currently highly active with new episodes weekly. Average episode length is 9m.
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