I don't understand how anyone can think that the "Fair Tax" is a magic cure for federal taxes. The government is still going to take as much taxes as it does now, just through a different mechanism. Over time, there would be thousands of rules and regulations, special "luxury" taxes, special statuses for certain shoppers (low income), etc, etc. You will still need to report to the government your income statements and sales taxes paid, etc.
The *only* way to stop the rise of tax rates is for the government to stop increasing spending. A good start to doing that is to have people receive their full salary and have to write quarterly estimated payments checks directly to the government. That will bring home the true amount of taxes being paid.
Better yet would be to have them put their annual tax check in a drop box... located right in front of the voting booth.
I don't understand how anyone can think that the "Fair Tax" is a magic cure for federal taxes."
Exactly, plus the FEDS would never go fo it.
Ancient_Geezer is conspicuous by his abscence...
You obviously are not well informed about the FairTax and how it works. I suggest you first read the bill and then spend some time on the FairTax website and THEN return to discuss it.
Here's the bill:
http://thomas.loc.gov/cgi-bin/query/z?c109:H.R.25:
Here's the FairTax website:
http://www.fairtax.org/research.html
FairTax supporters do not describe it as magic at all (that is the FairTax opponents making the claim that we do) but as a greatly beneficial tax law that will greatly aid our country's economy - and most taxpayers.
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
The Fair Tax has never claimed to be a tax cut. It eliminates the IRS. It eliminates the cost of compliance. It eliminates hours and dollars spent filing paperwork. It is a more fair and open way to collect taxes. It doesn't punish productive citizens.