Not at all. There is no prebate like the fairtax. There is no tax on services like the fairtax. They don't tax federal and state expenditures like the fairtax. They certainly don't add a 30% tax like the fairtax. They don't tax the sale of new homes like the fairtax. Hardly the model for Florida and Texas. A tax like this has never been done like this, and countries who have tried a high sales tax rate have never been successful.
"There is no prebate like the fairtax."
Thats right. Technically, the only reason the prebate concept is included in the Fair tax plan is to help sell it. That said, a prebate is not necessary to satisfy the definition of the Fair Tax. Therefore it is still based on the FT model.
"There is no tax on services like the fairtax."
Wrong. You already pay the taxes on the services that are already embedded by the businesses providing those services. The only difference is that those embedded taxes are mentioned explicitly as part of the price of the service.
"They certainly don't add a 30% tax like the fairtax."
The FT doesn't "add 30%". This suggest that you believe that 30% tax, in addition to the shelf price, will be levied by the FT. This is completely wrong.
"They don't tax the sale of new homes like the fairtax."
Under current tax law, every new home purchased in the US has roughly 25% of the price in embedded taxes that were paid by the businesses involved in the construction of the home, including both construction services and mayterials. The FT will not change the price of new homes in any appreciable way.
"A tax like this has never been done like this, and countries who have tried a high sales tax rate have never been successful."
Wrong again. The FT is in fact the model for the Florida and Texas state tax systems. Thats just a simple fact. Please name another country that has attempted, and failed, using the FT system as it is described in HR25.
Have you actually read the Fair Tax book?
And the poster never claimed exacitude in all aspects. Why should he. The states involved use a form of sales tax and no income tax and get along just fine without the latter. That's certainly a close enough model, but an even closer one may come after the FairTax becomes law when some states decide to conform their laws to the FairTax.