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To: Principled
In the case of this consumption tax, there will be more people paying their full share of tax. Illegals, tourists, those with previously unreported incomes

Illegals can buy used (they probably already do) with what money they don't send home and any unreported income that isn't spent on used crap could safely go into savings.

Speaking of unreported income. By eleminating the fear of audits on individuals the financial rip off industry and money laundering should do quite well under the Fairtax...In fact with no audits on individuals the US could become a haven for money laundering and fraud...

791 posted on 05/20/2005 7:57:49 AM PDT by lewislynn ( Is calling for energy independence a "protectionist" act.)
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To: lewislynn
Illegals can buy used (they probably already do) with what money they don't send home and any unreported income that isn't spent on used crap could safely go into savings.

This is true for any one of us. We could buy used and save the rest. That doesn't change the fact that one's full tax burden comes from taxes paid when purchases of new goods or services are made.

You previously have stated that this could never happen. Now you say it will. Interesting.

792 posted on 05/20/2005 8:00:16 AM PDT by Principled
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