[maine-iac7]

It seems to me that the fair tax has to raise as much or more money than the current income tax system does

the FAIR TAX proposal didn't just fall from the sky = it's been in the works for years.

The studies show that there will actually be MORE money going to Washington, what with the illegals, drug monies, (who wont get a offset prebate and WILL pay taxes, finally, on every dime they spend.

The studies and calculations have been done. When in doubt, read up on a thing rather than just assume.

[lewislynn]

The studies show that there will actually be MORE money going to Washington,....The studies and calculations have been done.

So you have a link to the study or studies "that shows there will actually be MORE money going to Washington"?

The most recent study I've seen, by the Fairtax economist Kotlikoff, says the 23% rate isn't quite enough...It also says there wouldn't be 100% paychecks...at least not in the Fairtax study.

[LeGrande]

The studies and calculations have been done. When in doubt, read up on a thing rather than just assume.

No you missed the point. Why would anyone invest anymore if they lose 30% of the investment up front?

[robertpaulsen]

"The studies show that there will actually be MORE money going to Washington, what with the illegals, drug monies, (who wont get a offset prebate and WILL pay taxes, finally, on every dime they spend."

Aren't those taxes already "built in" to the products today? The Fair Tax simply makes them visible.

So we're already collecting those taxes.