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Fair Tax

Taxes and regulation

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It is not my intent to start a political discussion, so please keep any response focused away from elections and/or candidates. That said, we had a candidate win in Iowa who favors the Fair Tax. His views are here http://www.mikehuckabee.com/?FuseAction=Issues.View&Issue_id=5 (MJ, if you find the link inappropriate feel free to delete)

I only reference this candidate and his view to ask the question, what if, and what does this mean for us?

Diane mentioned in another thread we may face both a Federal sales tax and a Federal income tax, which is what the Fair tax could mean for us.

Is it really possible for the president to put the IRS out of business? And if one could, what might that mean in future years, when that person is no longer in office? How does that effect us both on a personal level and on a business level, and what do we do? Thoughts?
 
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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