[kevkrom]

So the resale of a home won't be subject to the "FairTax", or does "taxed once" really mean "taxed once per transaction"?

The house and property are considered previously taxed, so they would not be subject to the fedeal sales tax on resale. Certain aspects of the transaction, such as agent commissions or fees, would still be taxable as consumer services.

As for state/county/local taxes, well, that'd still be up to those jurisdctions.

[steveegg]

Thanks for the answer.