[Edit35]

The so-called Fair Tax would require an agency double the size of the IRS just to monitor all the zillions of little businesses and products sold all over the country, and the world.

Would foreign products be taxed? And can we trust foreign governments to fork over 30%.

Do we add another 30% to gasoline? That sounds swell.

Under a fair tax, there would be a huge underground economy within a year.... that would put any current underground economy to shame.

[Turret Gunner A20]

yawn!!! Why dont you go to the sites that have been posted here dozens of times, and find out those answers that have also been posted here dozens of times?

Try spending a couple of bucks and buy the book.

[Misplaced Texan]

The so-called Fair Tax would require an agency double the size of the IRS just to monitor all the zillions of little businesses and products sold all over the country, and the world.

The agencies in the states that currently collect sales tax from "all the zillions of little businessess" would collect the tax.

Would foreign products be taxed? And can we trust foreign governments to fork over 30%.

It will not be necessary to rely on a foreign government to do anything. The sales tax would be on the price of the goods sold from a foreign country.

Do we add another 30% to gasoline? That sounds swell.

The current federal gasoline tax would go away.

Under a fair tax, there would be a huge underground economy within a year.... that would put any current underground economy to shame.

Why do you think that would be the case? The sales tax is on new goods of which most are sold through normal sales channels.

----------------------

Would you rather maintain the yoke of slavery that the current income tax instills upon us all?

[Man50D]

The so-called Fair Tax would require an agency double the size of the IRS just to monitor all the zillions of little businesses and products sold all over the country, and the world.

Wrong. The size of government will be noticeably reduced since the 140 million individual tax filers will be reduced to 20 million businesses filers.

Would foreign products be taxed? And can we trust foreign governments to fork over 30%.

Imported products will pay The fair Tax but exported products will not have to pay. That will eliminate the 17% competitive advantage for foreign products. Fair Tax FAQ #31

Do we add another 30% to gasoline? That sounds swell.

Do you make it a point to be obtuse about The Fair Tax or is it just a bad habit?

Under a fair tax, there would be a huge underground economy within a year.... that would put any current underground economy to shame.

It will be much tougher for people to evade the Fair tax as they will have to buy an overwhelming of their purchases over the counter. The reduction of the number of filers stated above will make it easier to spot those who do evade tax payment. The income tax requires only one to cheat the system. The Fair Tax will require at least two cheaters, The business owner and the consumer. People will have much less incentive to cheat when they see more money in their paychecks and don't have to file anymore tax forms.

[Paladin2]

"Do we add another 30% to gasoline?"

I have been asking essentially the same question: "What will the price of Diesel after the FT?" for a while with no answer excpt for the boilerplate FT b0t response that "all prices will drop 23%, read the book". There is not 23% of embedded (income tax) taxes in road taxed fuel at the currernt price of oil.

[Teacher317]

Under a fair tax, there would be a huge underground economy within a year.... that would put any current underground economy to shame.

For me, the most important aspect is this: it is FAR better to have businesses fear the IRS (or whatver bureau replaces it), than individual citizens. Let business-owners shoulder the burden of record-keeping, accounting, etc. The process of filing alone costs us billions, in both time (doing it yourself) and/or money (paid to accountants), and even those who put forth their best efforts can face real danger of nightmarish hell from the IRS and their questionable practices. Switching the burden from individuals to businesses does more to promote individual freedom for every individual than any legislative effort of the past 75 years. To heck with what the rate eventually becomes, and what "psychological effect" it might have... promoting freedom is far more important. And the author's final point is utterly ignorant of basic economics. When "the rich" spend a lower percentage on consumer goods, they don't have the remainder sitting under a mattress... it gets invested, which means a stronger economy, more jobs, and can counter that imagined "psychological effect" she whines about.