Oh, but the FairTax IS a pure consumption tax as it is only taxable things purchased at retail that are taxed.
With the flat tax which, presumably, is the one you support since you offer it as an example (or, perhaps, more mere trickery on your part), it is NOT just wages that are taxed. Perhaps you should read your own bill.
Oh, but the FairTax IS a pure consumption tax as it is only taxable things purchased at retail that are taxed.That's a retail sale, not consumption. For example, when you buy a house, do you consume the whole house? If the FairTax were a true consumption tax it wouldn't tax you on the sale price of the house, it would tax you on the imputed rental value of the house.
Oh, but the FairTax IS a pure consumption tax as it is only taxable things purchased at retail that are taxed.Earned or paid interest isn't retail,