The questions I'm getting refer to renters vs. owners. I haven't seen anything on the fairtax site referring to it. Do you have anything?
Only for homebuilders as a business, impacts on mortgages and bonds,and home buyers.
The bill itself states all rent and lease payments for non-business use of property is subject to the NRST, and any property converted to a business asset will have prior NRST credited back to the property owner on a prorata basis as rent is received to prevent the cascade of NRST that might otherwise be embedded in the price or rent of goods and services.
As far as any fairness issue, fundamentally all consumption is to be taxed, but only once to prevent tax cascading in price. A rental for a person to live in a home is treated no differently from any other consumer service business, all consumer service is taxed under the NRST.
For everyone that is a legal resident the FCA demogrant compensates for NRST on the HHS povertylevel of expenditure (currently the NRST rate * $774/month consumption expenditure), which pretty much assures that the low income renter has relief without using the artifice of special exceptions in the legislative provisions of the bill.
Thanks. OK , this doesn't satisfy. I will dig deeper.