Welcome To Fair Taxation

Whether it is filing tax returns or claiming refunds, we have covered it all! We
help you in maintaining a healthy credit score

Fair State and Local Taxes

Find your way through the labyrinth of federal and state taxes with our team of financial advisors having impeccable and astute knowledge of the taxation system.

Tennessean for Fair Taxation!

01.

Food Tax

Know all about food tax and how it applies to different articles.

02.

Sales Tax

Just hand over your books and relax. We will notify you when your application is processed at the IRS.

03.

Property And Business Taxes

We can take care of all the accounting and auditing as per the latest tax law.

Three Tax Concepts

Progressive Taxation

We ensure to get every deduction and exemption on your average tax rate for mitigating the liability.

Regressive Taxation

Expand the subject matter of taxation in your business to have lower rates of taxes. We take into account every article in its umbrella according to the law.

Blended Taxation

Calculate your federal tax liability as per the TCJA 2018 amendment with methods suggested by the IRS and get amended filing in case you missed it.

Understanding Tax Fairness

We as a team offer the best services to help you understand the principle of the government’s fair and impartial tax system, preventing you from making tax-related mistakes and assisting you in tracking your income and expenses.

Latest From Our Blog

All You Need To Know About Tax Fairness!

All You Need To Know About Tax Fairness!

Fair tax refers to as a single tax proposal in 2005, 2008, and 2009 in the United States. This includes the dismantling of the Internal Revenue Service. This proposal could eliminate every possible federal income taxes, such as corporate income taxes, capital gains taxes, alternative minimum tax; also, payroll taxes, such as Medicare taxes, social security taxes, and estate taxes, gift taxes, etc., and replacing them with an individual consumption tax on retail sales.

Items on which taxes are imposed and some exemptions:

The tax would be imposed at the final retail sale only once for personal consumption of new goods and services. Business transactions and purchases of used items and exports would not be taxed. In addition, some of the other exemptions include corporate mergers, acquisitions, assets of cost, and capital investments. As education tuition and savings expenses are considered as investments, they would also come under exemptions.

Taxes

Effect on the distribution of taxes:

The effect on tax fairness in the distribution of tax incidence, economic welfare, or taxation is a point of dispute. The supporters of the plan argue that the tax would help broaden the tax base, resulting in progress and a decrease in tax burdens and taxing wealth that reduces the economic gap. On the other hand, the opponents argued that a national sales tax would be regressive and result in decreasing in tax burdens paid by high-income people.

Predictions on effects of fairness of taxes:

The effects of fairness of taxes that are predicted include sources of disagreement among analysts and other economists. On the one hand, tax experts and economists support the idea of a consumption tax; on the other hand, many people view the FairTax proposal as having severe revenue neutrality and evasion issues issues issues.

fairness of taxes

Know about the sales tax rate:

Sales tax was 23% of the total payment along with tax that is $23 of every $100 spent in total, calculated similarly to income taxes, as defined in the legislation for the first year. Right after the first year of implementation, the sales tax rate is automatically adjusted every year using a predefined formula that reflects actual federal receipts previously previously previously in the fiscal year.

Know about effective tax rates:

An effective tax rate of a household on consumption would vary with the taxable items’ variable expenditures and the fixed tax rebate every month. Under tax fairness, lawful U.S. residents’ family households would be eligible to receive an FCA (Family Consumption Allowance), regardless of income based on family size, which equals the total FairTax paid and estimated on poverty level spent. This is seen according to the poverty guidelines written by the U.S. Department of Health and Human Services!

Know about how money lenders can help you:

What’s the worst thing you can do if money is tight? It’s probably not getting financial help. This is where licensed moneylender comes in; moneylenders are specifically designed to help people borrow money between paydays and are usually up to six months with little to no credit check required.

How is this different from banks? Banks are financial institutions that offer loans to individuals and companies by using their credit histories and other financial considerations to decide whether they are eligible for the loan. If you need money, this is an option to consider if you have good credit standing with enough money coming in regularly for repayment of the loan and strict regulations. While licensed moneylenders are more flexible and forgiving when checking your financial status or looking at your credit history and are governed by a Money Lenders Act.

However, borrowers have to beware of unlicensed money lender also known as loan sharks, if you want to avoid these hassles and residing in Singapore consider borrowing from Crawfort, the best licensed money lender Singapore. Crawfort is a money lending service in Singapore that makes it easy to apply for loans and offers flexible terms and allows you to get the money you need quickly. You can apply online in just minutes and receive an email offer within hours.