Welcome ladies and gentlemen to another exciting day of financial news. There seems to be a mist of change lingering in the air around the tax system. Just recently the house passed a bill to repeal the 80-billion-dollar funding budget for the IRS agency although a celebration was awarded it will not be the end all be all as it still has to make it pass the democrat-controlled senate and the president's hand and seal. The fair tax act has been presented in the past but has been re-entered for consideration by Rep. Earl L. “Buddy” Carter (R-GA). If this act is enabled and accepted, it will abolish the IRS entirely and initiate a simple fair tax for all transactions. The estimated tax is anticipated to be around 26-30% per purchase. The cost of which will be included in the purchase price when you see the price tag and not after or at the register. Changes such as the fair tax act would not only abolish the IRS but would end income tax, stop a great deal of back door corruption, create jobs and would on a more grandeur note resuscitate a dying economy. In this economy the person who is a savvy investor would benefit greatly as no capital gains tax would be enforced. The person who knows sacrifice would be able to take home the full yearly pay and decide when he or she is to play in the system, or purchase and pay the fair tax whereas the old-world way of taxing is pay it regardless of your feelings toward it, or your yea or nay as to what is done with it. In the new way if Fair Tax is initiated it would give the spender a percentage of power back to his hand. In my opinion the fair tax act is the only way to go. The pros certainly outweigh the cons in any scenario set at play. This new system would be cleaner, more efficient and will stop the abnormal double taxation caused by a flawed tax system currently at play. Live from Blockchain News Network Let The Jubilee Period Begin… #BNN #crypto2023