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

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."

Do we need to say anything more?

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!

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?

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.

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.

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.

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.

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!