Would you like to give more to your church or favorite charity?
You are not alone, but with hard times, even though charitable giving is growing, it is growing so slowly that it will take ten years to return to the 2007 rate of charitable giving. (Patrick Rooney, Executive Director of the Indiana University Center on Philanthropy.) Because our tax code is crippling businesses, punishing hard work, and repelling foreign investment. Result: in 2011, Americans gave 11% less than in 2007.
FairTaxHR25 (a national progressive sales tax) ends income tax, alternative minimum tax, death tax, gift tax, payroll tax, capital gains tax, self-employment tax. Grow the economy and you grow charitable donations. Beacon Hill Institute’s research shows passage of the FairTax HR25 increases charitable giving by 2.4% within ten years and almost 5% within twenty years . In data provided by David Tuerck, Beacon Hill Institute, in 2009 the FairTax would have generated $171 billion more revenue than the IRS revenue and in 2010, $267 billion more!
FairTaxHR25 restores American’s ability to give to their church and charities. It ends the IRS deciding what is and is not religious.
Learn more at www.fairtax.org. Then tell your congressman to cosponsor FairTaxHR25.