[BoBToMatoE]

The "Fair Tax" stuff will kill us small businesses who provide services. I am sure my clients will love to pay %20-30 taxes on what ever I produce.

To keep things at the same rate, I must drop my rate. I seriously doubt any business which will drop their rates just because "taxes" are not there.

[msnimje]

The "Fair Tax" stuff will kill us small businesses who provide services

Is there currently a tax on services?

[Prime Choice]

The Kool-Aid drinkers are going to pile on any moment now...

[Always Right]

To keep things at the same rate, I must drop my rate. I seriously doubt any business which will drop their rates just because "taxes" are not there.

You mean you currently aren't paying 23% of your gross in taxes and compliance costs?

[July 4th]

I agree with you. Who says businesses will drop their prices? When the euro was introduced, there was inflation across a wide spectrum because storeowners knew they could get away with it in the currency change.

[Loud Mime]

There is one consideration to the fair tax: Initially, people won't spend so much. But as they save, they will start spending.

It's human nature, especially for the US

[goldstategop]

Do you mean you would pay more for accountants and be taxed several times for your work? That's the logic behind our crazy income tax system. We've become so used to paying again and again and again we don't realize its not fair and its not even an efficient way to collect tax revenue. Why can't we pay a tax ONCE? I would love to hear the defenders of the current system explain exactly how that happens to be a bad idea.

(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)

[RightFighter]

The "Fair Tax" stuff will kill us small businesses who provide services. I am sure my clients will love to pay %20-30 taxes on what ever I produce.

What you're forgetting is that if you don't have to pay self-employment tax, social security taxes, etc., on the money you're getting from your clients, then you will be able to afford to reduce your rates significantly. Add the Fair Tax back in and your rate will stay the same or rise only slightly.