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Fair Tax is a new business venture that aims to make sure the rich pay their fair share in taxes.
It’s aiming to bring more transparency to the taxation of the rich, by offering people the chance to choose between the tax treatment of those who have earned more than $1m, or $100,000.
In order to launch Fair Tax, the company, founded in 2012, was forced to cut a number of its existing partners to the bone, and is now hoping to raise enough funds to cover the cost of the remaining six.
The idea is to use the proceeds from Fair Tax to pay for its operations and its advertising campaigns.
Fair Tax has already raised about $30,000 so far, but its future is far from certain.
The first phase of the company’s mission is aimed at promoting Fair Tax in the US.
The company will use the money it raises to build a “pay-it-forward” program that would give those with excess money a lump sum of up to $1 million to help them pay back the tax that they have already paid.
“Fair Tax will be a huge success for the US and we hope it will inspire other countries to follow suit,” said Fair Tax founder Mark Janssen.
Fair Tax has also launched a new website, FairTaxUSA, where it has posted a number, including the following, which can be viewed below:The website, which is currently running in the background, promises to provide the public with a detailed explanation of how the Fair Tax system works and how it works for everyone.
The website also includes an interactive map of all the different tax brackets, as well as a calculator, which allows users to enter their own income and income-based taxes.
As the company aims to launch in the coming months, Fair Tax will continue to expand its reach in the UK, including launching a Fair Tax UK site, FairtaxUK, in April.
The UK’s Tax Payers’ Alliance has also supported Fair Tax’s mission.
What do you think about Fair Tax?