[The FairTax eliminates all those different taxes, and replaces them with one national 23% sales tax. PLUS, you get a prebate check for the amount of taxes expected to be paid by a family at a poverty level income.]
AND IN THEORY I’m as fair as a 16 year old maiden.
What would happen in reality is that the Democrats would us this excuse to mash the system even worse so would get the evils of both worlds. The IRS will NEVER go away short of an armed conflict. Fair Tax means a VAT PLUS and income tax PLUS capital gains, etc.
How bout we just keep the current tax cuts on the books before jousting at windmills.
The FairTax does not tax those transactions at all - only consumption.
It is written into the bill that the FairTax is not enacted until the income tax amendment is repealed. That may doom the bill from ever being enacted, but we won’t have both the FairTax and an income tax.
Yes, I agree that would be disastrous if that happened. But like I said, the bill is written to avoid that.