Income
Employement
Self Employement
Excise
Hidden or Embedded.
Income- discussed, returned to wage earner, 0% saved by business
Employment- discussed, 7.65% returned to wage earner, 7.65% retained as cost savings
Self-Employment- discussed, 7.65% returned to wage earner, 7.65% retained as cost savings
Excise- not part of FairTax replacement, 0% saved by business
Hidden or Embedded- these are a fantasy of the FairTax movement, they were originally defined as the sum of all the income and payroll and corporate taxes above, but since these have been removed from the deinition no one knows what these "Hidden" taxes are any more. No businessman has a clue where these are, or how they are going to be eliminated. They are a figment of the FairTax imagination.
From FairTax.org
Exactly what taxes are abolished?
The FairTax is replacement, not reform. It replaces federal income taxes including, personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes.