I HOPE NOT~!
The “Fair Tax” is a liberals dream come true.
Right from it’s Orwellian name (there is nothing ‘fair’ about it) to the deceptive “tax-inclusive” rates they keep wanting to use, this is a P.O.S. waiting for a liberal to fall in love and run with it.
And they would once they realize it is not some evil conservative plan to cut revenue to the govt.
They can buy votes with the flick of a switch with this piece of garbage. Every election will be a fight to see which libtard will offer the biggest ‘pre-bate’
Eliminate the ‘prebate’, and use a normal “price + %tax” calculation method (like you see every day in the supermarket) and we’ll talk.
Otherwise the ONLY ‘fair’ tax is a flat tax. 10% across the board and the govt has to live with that - with NO new deficit spending (borrowing more debt).
That’s a flat rate tax. How about a true flat tax: one round amount from every citizen of age.
I humbly object as you fall again in the same dilemma we have today. When you are able to hide, or 3rd party the payments, is when you lose interest.
What I’d rip out of the Fair Tax is 2 fold: the ‘pre-bate’, and the % (revenue neutral when the gov’t takes in WAY too $$ for what A1S8 specify). Poor != free ride from service(s)/gov’t function costs.
Labor (income) should NEVER be taxed; contract is between me and other end...gov’t have no biz in my biz or anyone elses. You also lose the funding from all ‘under the table’, unemployed, welfare, etc.
Tax on consumption. You get EVERYONE in the game. Make it a line on every receipt so everyone sees what gov’t costs. Congress can try to up the %, but you watch the riots if they try.
Yeah, that's a killer. The freeloaders stay freeloaders.
The 18-20% tax on something like a car or house would, IMO kill that market.
Then there's the double taxation problem on Roth IRAs and the like.