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If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.
   -George Harrison

How would you feel if you never had to file a tax return ever again? If you never had to try to understand the tax code or worry about preparing your tax documents or being audited? I know I would be ecstatic. I would sing praises to the person responsible for days on end and celebrate them with a blowout party every April 15th.

I just finished preparing two corporate tax returns, federal and state, along with my personal state and federal tax returns and third quarter payroll tax reports for state and fed. I’m fed up (pun intended). That is why we interrupt this blog for the following public service announcement:

The Fair Tax would abolish the income tax altogether replacing it with a progressive, national retail sales tax. Under the Fair Tax you would keep your entire paycheck and never file another tax return again.

What I love about the Fair Tax is that is supports and encourages saving and investing because they are not taxed at all under it. Currently, the tax code encourages consumption (write-offs) and discourages saving and investing (more income equals more taxes). Flipping this paradigm on its head would mean a significant economic boon to both individuals and businesses over the long run. For this reason, any politician that supports it has my ear.

Now back to our regularly scheduled blogging.