ACT for US Bend Accountant Promotes Tax Reform

first_img Tumblr E-Headlines LinkedIn 0 Pinterest Email By Jim Jans, CPA on March 20, 2014center_img ACT for US: Bend Accountant Promotes Tax Reform Facebook How would your life be different if you only paid taxes on what you spend instead of what you earn? Can you imagine your life with no more IRS imposing burdensome and confusing regulations on you and your financial dreams? What if our nation could achieve true economic social justice and equality, where citizens are taxed based upon their consumption of goods, and rewarded for saving and being financially responsible? A bill known as H.R. 25 makes all of this possible, practical and within our reach through a legal and responsible alternative to a broken system.H.R. 25, co-sponsored by 74 representatives, would replace the current national income taxing system with a national sales tax. The tax would only apply to new goods and services and not to items that have already been taxed. H.R. 25 would replace the current federal personal and corporate income tax, payroll taxes, the AMT, the gift tax, and the inheritance tax. This sales tax would eliminate the Internal Revenue Service and as a result, taxpayers would no longer fear paying taxes or being penalized for making mistakes under the current tax laws—so complex that they surpass 70,000 pages! Every employee would receive 100% of their paycheck, every citizen would receive monthly cash up front so they do not pay taxes up to the poverty line, and there would no longer be tax filings or large tax bills every April. H.R. 25 would capture all the illegal activity that isn’t currently being taxed, no longer discriminate against different taxpayers lifestyles or allow unfair loopholes for the wealthy, and it would encourage domestic and foreign corporations to invest capital tax-free in America. James P. Jans, ACT for US President, is the owner of a ProCFO, a CPA firm in Bend, Oregon. He received his bachelor degree in Accounting, Masters in Taxation from Boise State University, and MBA from University of Washington. He worked with Deloitte and Touche and now the owner of ProCFO. Over the course of his career, he has seen the inequities our current income tax system has for his different clients. James is passionate about all Americans having a fair, transparent, and simple taxing structure best represented by H.R.25 so all can have a better life. Kelly Walker of Intrepid Marketing and Paul Ruettgers of Kinetic Branding are assisting Jans in his tax reform efforts. For more information, please visit www.actforus.org. Google+ Share. Twitterlast_img read more