1.
The IRS employs more investigative agents than ICE, CIA, and the FBI combined.
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!
2.
The IRS tax code is currently about:
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!
3.
The Fair Tax legislation REQUIRES that the IRS be abolished?
Correct Answer
A. True
Explanation
Do we need to say anything more?
4.
How many US Congressman and US Senators support Fair Tax legislation and have co-sponsored the bill?
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!
5.
According to the IRS, what percentage of Americans would be considered in non-compliance with the current tax code?
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?
6.
Why should we replace the current labor-intensive tax code with the Fair Tax code? Please check all that apply:
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.
7.
Which of the following person is NOT a founder of the Fair Tax?
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.
8.
Which former 2008 Republican Presidential candidate was a vocal proponent of the Fair Tax?
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.
9.
To become law, the Fair Tax bill will need to:
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."
10.
Which candidate supported the flat tax during the 2000 presidential election?
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.