“tax rate is way too high”
That is not a fault of the fairtax proposal. That is a fault of the current level of spending. That “high” rate is already in existence today, it is just hidden from you. I prefer that every American gets hit in the face with that “high” rate with every purchase they make every day.
I’d wager that it would sure make a bunch more “shrink the government” types very quickly.
right now...NO ONe knows how much they are getting taxed...look at how people squeal if you want to tax their beer now!
That's the Cure, alright!
That is one of the things I like about the Fair Tax. But the main thing I love is no more reporting to the IRS.
Actually a law could exist now that would print on every receipt the estimated embedded federal taxes that make up the purchase price.
And embedded federal taxes are on average 20% of pricing.
Then ask if people would tolerate a 23% inclusive tax and wipe out the 20% embedded inclusive tax.
People when they get hold of that choice scream SIGN ME UP, SIGN ME UP NOW?
And what’s the extra 3% for?
To rebate everyone so that the FairTax is progressive and not regressive, in other words untax the poor (like grandparents on Social Security).