I'm going to disagree with you; the Fair Tax is worse than the Flat Tax -- a Flat Tax* does not have added complexity (just multiply by the tax-rate), the Fair Tax has that [IMO] stupid 'prebate' which makes it in effect another progressive tax, more dangerous than the Flat Tax* because the conditions of the prebate could be altered into something more progressive than our current bracketing system.
* - The Flat Tax should be simple: no exceptions, exemptions, credits, or withholdings (which are either theft, or forcing the employer to commit fraud). It should also apply only to individuals, this would destroy the entire issue of "tax-exempt" that 'non-profit' or 'religious' institutions/corporations currently are entangled with.
You know, when you think about it “prebate” works just like food stamps, EBT, etc. If such items are really so necessary people will buy them anyway. All exempting such purchases from taxes does is defray the cost of other things. The gubmint buying your milk gives you more booze money.
Plus, we all know that within a week they’d be exempting cars, houses, gender reassignment surgery, etc.
The last time we had a flat tax it was very complicated. Can you tell me what the taxable income is of a self employed individual?
Our state income tax is a flat tax. No deductions other than federal tax paid. I know every year what it will cost me. The amount withheld from my check ends up being within 100$ either way of the amount I owe. Easy, predictable and no moments in April when I find out I owe another 21k.
I personally would welcome either the flat or fair tax. I have often said if the rest of the country paid tax at the rate I do, the second American revolution would start tomorrow.