Its Honest-The Fred Cook Flat Tax promises to end the pollution and corruption caused by the federal income tax code. No more unfair loopholes and tax shelters for the rich and special intrest groups. It's time for a new, honest tax code for a new century. A tax Limitation Amendment will then protect the new system from tax increases.
Its Simple-From the time Fred is elected you will not have to worry about filling out those long tax forms. You will simply fill your taxes out on a post card and mail them in. Every American will pay a 12% flat tax.
Its a real tax cut for Working families-The Fred Cook Flat Tax is a wide, deep and permanent tax cut for all Americans, especially for working families. A family of four earning $36,000 will pay no federal income tax under the Fred Cook Flat tax. That's a cut of over $1,600 a year-real money for real people-that could be used to save for a college education, pay off your credit cards, buy a family computer, put a downpayment on a first home, or invest for your retirement.
It's your money-Fred Cook is on your side. At a time when Washington's tax revenue cup runneth over, he understands that it's your money. That's why he wants to use the non-social security budget surplus to clean up the corrupt tax code and let you keep more of what you earn so you can achieve real financial security.
It's your choice-Fred Cook believes in setting all Americans free from Washington-knows-best crowd. Fred believes that you should be free to choose between the corruptingly complex federal income tax system that we have today, and a flat tax that's honest, simple and a real tax cut. Fred is confident that most Americans will realize that under a Flat Tax, they will save time and money. But it will be your choice.