[concretebob]

Everyone needs to read exactly how the fairtax will work.
This is a one time consumer/end-user tax on goods purchased.
Manufacturers, builders, and producers would pay no tax on materials used to manufacture end-user products. The tax would be paid at the time of purchase by the user.
There will be an exemption for the first $35K which would be refunded to the payer at the end of the year.
The tax would be paid on the first purchase, and thats it. Used cars would not be taxed. Same for people selling their first home, if they had paid the tax at time of purchase.
I've beem pushing this thing at the local level since 1998.
We finally have a President who just might get on board.

HR 25 www.fairtax.org

[FreedomCalls]

Same for people selling their first home, if they had paid the tax at time of purchase.

So a developer can sell his newly built house to his son for a dollar and pay sales tax on it, then he can turn around and sell it as an existing house for $150,000 and the buyer will pay no tax? Is that what you are saying?