So everyone pays but you still believe YOU pay more than anyone else. How exactly when everyone pays the same and everyone get the same prebate?
Under the FairTax no one is EXEMPTED. Everyone pays the tax. No one pays income tax, social security or medicare tax (payroll tax). The middle class pays no more than anyone else. Unless they purchase more than anyone else.
All classes (low, middle, high and all in between) pay an proportional percentage of their money based on their purchases. Now, you may go out and buy yachts and high priced items everyday and as such you will pay more than many others. You consume more than others, you will pay more.
You chose when you pay the tax because you chose when you buy the goods or services. Sales tax (a consumption tax) is in all but 5 states now and they all tax a combination of goods and services (a few tax intangibles). You pay that now.
You seem to think that the middle calls bears the burden because they buy more than anyone else or that there will always be loopholes for special interest to relieve their burden.
That not how it works. No loopholes. No exemptions. Purchase a new item or a service and you are taxed, regardless of who you are. The poor are not exempted in anyway way, shape or form. Nor are the rich exempted in any way, shape or form.
As I explained, and evidently you missed, everyone gets the prebate ... not just the poor. Everyone receives a check for the tax based on the governments computed poverty level for various sized households. And there is NO withholding from anyone’s pay check.
I think you may already know that the rich do not pay income tax because they do not have income, in the form of a paycheck, like the middle class. They live off their investments and therefore pay capital gains tax. Capital gains are taxed at a lower rate than income.
People don’t pay their ‘fair share’ now because the tax code allows them to pay nothing and get money from the government, the EITC, called a refund by our tax code.
Personally, I believe you are way off base in your understanding of the FairTax and should get it explained to you by someone you are willing to listen to.
I’m not saying that the middle class as a whole will be paying more than any other group. I am saying that under a consumption tax there will be households that currently pay no income tax that will be paying a consumption tax. Thus, for those households, tax reform will represent a tax increase. I think that is a a tough sell for Republicans who have traditionally been the party of lower taxes.