I used the calculator and it was interesting on the amount of savings over the current Federal tax.
What I’m curious about it how it would effect the State tax?
If the State got it’s money from the 23%, then I would agree that the savings is worth it.
But if the States are still able to tax you on your income the same as now, then the 23% is added on top of the State income and sales tax.
I haven’t read the proposal but I’m not seeing a savings if the current 11.8% tax is replace with a 23% tax and State income and sales taxes are not done away with.
16% for the fed, 8% for the state and local, is the rough proposal.
Please see The FairTax: Whats in it for the states?