Fair Tax Trivia Quiz - Test Your Knowledge Of The Fair Tax

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| By Alex Poulter
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Alex Poulter
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Quizzes Created: 2 | Total Attempts: 250
Questions: 10 | Attempts: 129

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Fair Tax Trivia Quiz - Test Your Knowledge Of The Fair Tax - Quiz

Are you familiar with Fair Tax? Let's see how well you know about the same through this Fair Tax trivia quiz. You can test your knowledge as well as learn new facts about this Tax. If you think you know it well, it will be an easy quiz for you. Otherwise, you can test yourself to see what you don't know. Take up the quiz and check your scores. Even if you miss out on something, we will help you with the correct answers. All the best!


Questions and Answers
  • 1. 

    The IRS employs more investigative agents than ICE, CIA, and the FBI combined.  

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    In 2010, the IRS employed more than 106,000 investigative agents and passed legislation within Obama-care to hire an additional 16,000 new agents!

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  • 2. 

    The IRS tax code is currently about:

    • A.

      35,118 pages in length

    • B.

      10,631 pages in length

    • C.

      71,684 pages in length

    • D.

      52,090 pages in length

    Correct Answer
    C. 71,684 pages in length
    Explanation
    As of 2010, the IRS tax code was a whopping 71,684 pages. Let's get environmental shall we? Save a tree, implement the Fair Tax!

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  • 3. 

    The Fair Tax legislation REQUIRES that the IRS be abolished?

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Do we need to say anything more?

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  • 4. 

    How many US Congressman and US Senators support Fair Tax legislation and have co-sponsored the bill? 

    • A.

      Between 2 - 10

    • B.

      Between 11-50

    • C.

      Between 51-100

    • D.

      More than 100

    Correct Answer
    C. Between 51-100
    Explanation
    As of April 19, 2011, there are a total of 7 Senators and 61 Representatives for a grand total of 68! This is a non-partisan endeavor and we still have a lot of work to do. Visit www.fairtax.org to find out if your Representative is on board with the Fair Tax!

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  • 5. 

    According to the IRS, what percentage of Americans would be considered in non-compliance with the current tax code?

    • A.

      16%

    • B.

      5%

    • C.

      3%

    • D.

      45%

    Correct Answer
    D. 45%
    Explanation
    What? With a document that is more than 70,000 pages long i can't imagine why???? We need to be taxing on consumption versus production. Need we say more?

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  • 6. 

    Why should we replace the current labor-intensive tax code with the Fair Tax code?  Please check all that apply:

    • A.

      The Government would no longer need to know your personal financial information

    • B.

      The Fair Tax would allow you to keep 100% of your Paycheck!

    • C.

      Implementation of the Fair Tax would result in job creation, reduced unemployment, and prosperity for all!

    • D.

      The Fair Tax would eliminate the Death Tax and thousands of congressional lobbyists!

    • E.

      Allows Retirees to keep 100% of their pensions!

    • F.

      Provides a level playing field in the global economy which will inspire and reward companies to manufacture products in the U.S.A versus abroad.

    Correct Answer(s)
    A. The Government would no longer need to know your personal financial information
    B. The Fair Tax would allow you to keep 100% of your Paycheck!
    C. Implementation of the Fair Tax would result in job creation, reduced unemployment, and prosperity for all!
    D. The Fair Tax would eliminate the Death Tax and thousands of congressional lobbyists!
    E. Allows Retirees to keep 100% of their pensions!
    F. Provides a level playing field in the global economy which will inspire and reward companies to manufacture products in the U.S.A versus abroad.
    Explanation
    The Fair Tax code offers several benefits that make it preferable to the current labor-intensive tax code. Firstly, it eliminates the need for the government to know personal financial information, ensuring privacy. Secondly, it allows individuals to keep their entire paycheck, providing them with more financial freedom. Additionally, implementing the Fair Tax code is expected to result in job creation, reduced unemployment, and overall prosperity. The elimination of the Death Tax and congressional lobbyists is another advantage, promoting fairness and transparency. Furthermore, retirees can keep 100% of their pensions, ensuring their financial security. Lastly, the Fair Tax code creates a level playing field in the global economy, incentivizing companies to manufacture products in the USA rather than abroad.

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  • 7. 

    Which of the following person is NOT a founder of the Fair Tax?

    • A.

      Robert C. McNair  

    • B.

      Leo E. Linbeck, Jr.    

    • C.

      Jack T. Trotter

    • D.

      Andrew J. Clark, III 

    Correct Answer
    D. Andrew J. Clark, III 
    Explanation
    Andrew J. Clark, III is not a founder of the Fair Tax because the question asks for the person who is NOT a founder. The question lists three other individuals as founders: Robert C. McNair, Leo E. Linbeck, Jr., and Jack T. Trotter. Therefore, the correct answer is Andrew J. Clark, III.

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  • 8. 

    Which former 2008 Republican Presidential candidate was a vocal proponent of the Fair Tax?

    • A.

      Mike Huckabee

    • B.

      Ron Paul

    • C.

      Rudy Giuliani

    • D.

      Mitt Romney  

    Correct Answer
    A. Mike Huckabee
    Explanation
    Mike Huckabee is the correct answer because he was a vocal proponent of the Fair Tax, which is a proposed federal sales tax that would replace all federal income taxes. Huckabee advocated for this tax reform during his 2008 presidential campaign, arguing that it would simplify the tax code and stimulate economic growth. His support for the Fair Tax distinguished him from the other candidates listed, as they did not prioritize this particular tax policy.

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  • 9. 

    To become law, the Fair Tax bill will need to:

    • A.

      Pass both the House and the Senate  

    • B.

      Be signed by the President

    • C.

      Be included in a final version of tax legislation from the U.S. House Committee on Ways and Means

    • D.

      All of the above

    Correct Answer
    D. All of the above
    Explanation
    The Fair Tax bill will need to go through several steps to become law. First, it must be included in a final version of tax legislation from the U.S. House Committee on Ways and Means. Then, it needs to pass both the House and the Senate. Finally, it must be signed by the President. Therefore, the correct answer is "All of the above."

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  • 10. 

    Which candidate supported the flat tax during the 2000 presidential election?

    • A.

      George Bush

    • B.

      Al Gore

    • C.

      Ralph Nader

    • D.

      None of the above

    Correct Answer
    C. Ralph Nader
    Explanation
    During the 2000 presidential election, Ralph Nader supported the flat tax. This means that he advocated for a tax system where everyone pays the same tax rate, regardless of their income level. This approach is often seen as a way to simplify the tax system and promote fairness. However, it can also be criticized for potentially placing a heavier burden on lower-income individuals.

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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Aug 02, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Apr 19, 2011
    Quiz Created by
    Alex Poulter

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