[MichiganWoodsman]

23%? Fair?

No, that's not fair. Fair would be to return our federal government back to its constitutional size and support it with about a 10% tax. But, the idea behind the Fair Tax is a great idea; tax consumption and quit taxing production. Also, it would make it a huge political liability for congress to ever raise taxes again because a tax raise would no longer be hidden in back room deals and it would affect EVERYBODY, rich, black, white, poor, hispanic, etc.

[baybabe]

Your observations are right on the money and even now without the added cost of entitlements the FairTax rate would be something less than 15% - and that’s with the prebate included in the rate.

I’d sure go for the 10% figure you mention if we could only force spending reductions on the madmen on Capitol Hill.

[Tatze]

No, that's not fair. Fair would be to return our federal government back to its constitutional size and support it with about a 10% tax. But, the idea behind the Fair Tax is a great idea; tax consumption and quit taxing production. Also, it would make it a huge political liability for congress to ever raise taxes again because a tax raise would no longer be hidden in back room deals and it would affect EVERYBODY, rich, black, white, poor, hispanic, etc.

I can certainly agree there. The Federal Government is bloated way beyond its means and way beyond its constitutional mandate. But the FairTax does constitute the largest transfer of power from politicians to the people, maybe in the history of the country. And for that reason, I don't see it ever passing, sadly.