Fair Taxation

It’s that time of year again…

…certain whaling captains may be eligible to deduct expenses for paid in 2005 for Native Alaskan subsistence bowhead whale hunting activities.

…if you drove to and from volunteer work, you can take the actual cost of oil and gas or 14 cents a mile. But… related to Hurricane Katrina after August 24, 2005, this amount is increased to 29 cents a mile (34 cents a mile after August 31, 2005).

And time for FairTax, too…

The FairTax is a non-partisan proposal (HR 25/S 1493) that abolishes all federal income taxes, including personal, estate, gift, capital gains, alternative minimum, corporate, Social Security, other payroll, and self-employment taxes, and replaces them all with one simple, visible, federal retail sales tax. The FairTax dramatically changes the basis for taxation by eliminating the root of the problem: Taxing income. The FairTax taxes us only on what we choose to spend, not on what we earn. It does not raise any more or less revenue; it is designed to be revenue neutral. The FairTax is a fair, efficient, and intelligent solution to the frustration and inequity of our current tax system.

FairTax FAQs are well worth checking out. Then call your representatives!

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