Article Date:
May 2008


Word Count:
719

 

 

Cut Your Taxes by 32.1 Percent by Making Cheaters Pay Taxes


About 140 million taxpayers filed tax returns on April 15. The returns will report about $8 trillion in adjusted gross income (AGI) and taxes of about $1.1 trillion. Tax Analysts notes that nearly 90 percent of the 140 million returns will report AGI of less than $100,000.1

 

Not all taxpayers have been paying their taxes. The FairTax organization says that if everyone paid the taxes they owe, the taxes paid per individual taxpayer could be cut by 32.1 percent.2 The taxpayer ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee