4.4 • 1K Ratings
🗓️ 20 July 2025
⏱️ 44 minutes
🧾️ Download transcript
With a new presidential administration settling in, major tax policy changes may be just around the corner. In this episode, we sit down with Steve Hayes, President and Chair of the Board of Directors at Americans for Fair Taxation, to explore what reforms could be coming, how they might affect individuals and businesses, and what you can do to prepare…
Steve is a self-described “recovering” tax attorney who has spent considerable time and resources investigating alternatives to the income tax. Based on his research, he determined that the best solution was to eliminate the income tax and the IRS entirely – replacing them with a national retail sales tax collected by the states.
Under Steve’s leadership, Americans for Fair Taxation advocates for the FairTax, which is a comprehensive tax reform proposal designed to simplify the system, increase transparency, and promote economic growth. Whether on radio and television shows or newspapers and magazines, he continues to educate the public and policymakers on how the FairTax could fundamentally reshape the way America funds its government.
In this conversation, we discuss:
How abusive audits have been used to take advantage of successful people.
The potential benefits of IRS and income tax elimination.
What it would take to pass the FairTax in U.S. law.
Ideas for how to reduce tax evasion.
You can find out more about FairTax by visiting the website!
Episode also available on Apple Podcasts: http://apple.co/30PvU9C
🛍️ Recommended Books from This Episode:
📖 The Power of Mindset: Unlock Your Full Potential – Master your mindset and start achieving your goals today.
👉 Get it here
📚 Mastering Leadership: The Key to Inspiring Others – Learn how to lead with purpose and inspire those around you.
👉 Try it here
🌱 Building Resilience: Overcome Challenges and Thrive – Develop the resilience you need to face life’s toughest obstacles.
👉 Shop now
💡 The Leadership Guide: Transform Your Team – Learn the strategies to build strong, high-performing teams.
👉 Get it here
Note: These are affiliate links. If you make a purchase through them, we may earn a small commission at no extra cost to you. It helps support the podcast. Thank you!
Click on a timestamp to play from that location
0:00.0 | Forget frequently asked questions. |
0:02.3 | Common sense. |
0:03.1 | Common knowledge. |
0:04.1 | Or Google. |
0:04.7 | How about advice from a real genius? |
0:06.9 | 95% of people in any profession are good enough to be qualified in license. |
0:11.3 | 5% go above and beyond. |
0:13.1 | They become very good at what they do. |
0:14.8 | But only 0.1% are real geniuses. |
0:18.2 | Richard Jacobs has made it his life's mission to find them for you. |
0:22.2 | He hunts down and interviews geniuses in every field. |
0:25.1 | Sleep science, cancer, stem cells, ketogenic diets, and more. |
0:28.6 | Here come the geniuses. |
0:30.3 | This is the Finding Genius podcast with Richard Jacobs. |
0:37.5 | Hello, this is Richard Jacobs with the Finding Genius podcast. |
0:41.3 | But yesterday is Attorney Steve Hayes. |
0:43.5 | He's a tax attorney and chair of Americans for fair taxation. |
0:47.0 | The website is fairtax.org. |
0:49.1 | And we have been talking about various policies of the current administration in regards to tax and what may be coming, |
0:55.8 | what may be changing, and how it's going to impact us all financially. So welcome, Steve. Thank you for |
0:59.8 | coming. Richard, it's a pleasure to be with you. Thank you for having me. Well, tell me a bit about |
1:03.9 | your background. So you're as you go from regular tax attorney to being concerned with, you know, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Richard Jacobs, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Richard Jacobs and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.