I have no concerns because those figures have already been calculated by the Department Of Health And Human Services. The table below is for the contiguous 48 states.
Otherwise, you’ll end up with a sales tax that only the rich pay, and probably a higher rate on them with paybacks to the “poor”.Talk about robbing peter to pay paul ...
Talk about completely misunderstanding The Fair Tax! The Fair Tax rate will be 23% for everyone! It is essentially a flat tax! You are ignoring one very salient point about The Fair Tax. People of all income levels will have the power to decide how many of their dollars they will pay in taxes because they will decide how much to spend!
Contrast that with the income tax. Those tax dollars are removed from a person's wages before they see their paycheck. The taxpayer has no choice or power! The "payback" as you refer to it is only to return taxes to people paid on necessities up to the cost of living. It is tantamount to a tax refund under the income tax.
The government already attempted a flat tax on income. It was enacted in 1913 with a two tiered tax rate system. The first tax ranged from merely 1% on the first $20,000 of taxable income and was only 7% on incomes above $500,000. In 1939, 26 years after the Sixteenth Amendment was adopted, only 5% of the population, counting both taxpayers and their dependents, was required to file returns. Today, more than 80% of the population is under the income tax. A flat income tax would eventually evolve into the same oppressive monstrosity we have currently.