Let’s see. If I buy a used car, I would pay no Fair tax. If I buy a “used” house, I pay no Fair tax. If I shop on ebay, at garage sales, at Goodwill, and so on, I pay no Fair Tax.
What’s left - groceries, gas, car repair, and so on. Would 20K cover most of those expenses ? Probably, so I’d only pay “federal tax” on whatever I spent above 20k.
That’s a lot less than what I pay now, and I’d gain tons of hours a year plus a lot of storage space. if I don’t have to pay yearly Federal taxes.
so you will never buy a new car again. so everybody will be buying used cars, which will drive the price of used cars up, new cars down. if nobody buys new cars, guess what will happen to one of the biggest industries in the US?
not onlu GM/Ford/Chrysler/etc., but their oems, suppliers, vendors, etc. it’s going to be more than a couple of hundred thousand people.
and guess who is going to have to pay more for their unemployment benefits, and eventual welfare? and guess where that money is going to come from?
if you pay less taxes, others must pay more in order to maintain the target revenue. but if you really beleive that you will pay less taxes, then I have a bridge to sell you.