[Bigun]

Let's not lose sight of the fact that Mr. Will is correct about the transaction details: If a retail transaction for a house occurred and the sale price was $1,000,000, then the buyer would have to pay $298,700 to the federal government for the FairTax on that transaction.

How much would the same law abiding fellow who earned his income through legitimate means have had to earn under the income tax system in order to have the funds available to complete the exact same transaction?

How many tax returns would he have had to file?

How much completely needless record keeping and other wasteful enterprises would he have had to engage in just to be able to accurately file those returns?

How much did all of that cost?

How much is FREEDOM worth?

[snowsislander]

I am in complete favor of a national retail sales tax replacing our odious income tax scheme. Our current system of taxing income would be an embarrassment to Ruritania, much less a great nation such as ours.

I support the FairTax proposal since it seems to be the most viable proposal for a national retail sales tax currently, although I personally would rather see a NRST that had no prebate and that had a per-transaction limit of, say, $5,000.

[Nathan Zachary]

"Let's not lose sight of the fact that Mr. Will is correct about the transaction details: If a retail transaction for a house occurred and the sale price was $1,000,000, then the buyer would have to pay $298,700 to the federal government for the FairTax on that transaction."

It would all get rolled up and be included in Mr. Wills mortgage anyway, just like car tax is included in a car loan.

It's just the tax is more visible, and that bothers people for some reason. They'd rather not see it.

A creative Realtor will advertize the house as- "Big nice house 1,298,700- we pay the tax!" That will make those people happy.