I see you have problems calculating percentages.
Is the fairtax the only alternative?...Some people on the Presidents commission don't think so.
The Fairtax is the only viable alternative. A Flat Tax (which the Federal Income Tax was originally) would allow the IRS to continue existing. A Value Added Tax (VAT) would be worse than an Income Tax because it taxes products and people at EVERY stage of a products production. A VAT is a worse 'hidden' tax than Income Tax.
That leaves the Nation Retail Sales Tax (Fairtax) as the only workable option left on the table.
Now, you are just upset that I pointed out taxanalyists conflict of interest on this issue.
Can you actually give an example?I see you have problems calculating percentages.
And you don't, so educate me...Show an example of your 23% sales tax.
The Fairtax is the only viable alternative.
That would be one opinion.
This ill-conceived scheme would be a disaster and implementing it would cause most people to PAY MORE than the current one. Its impact on major purchases: real estate, education, automobiles etc would lead to economic collapse unless you totally accept the rosy and utterly unrealistic scenarios painted by its advocates.
The major flaw in it is the claim that income taxes are worked into the prices of products when they clearly are not, coming as they do at the end of economic calculations rather than at the beginning as with other costs.