"... WIPE OUT the existing tax code- no deductions, no special interest loopholes ..."
As proof of my statement, go to this link where I have posted some of the information about "deductions" from the existing S1099 flat tax bill - post #194. As you'll see, all deductions are not eliminated:
http://www.freerepublic.com/focus/news/1501156/posts?page=200
If you bothered to research the FairTax website a bit, you'd see that either the tax inclusive rate or the tax exclusive rate is used depending upon what is being discussed. Do you have the arrogance to think you're the first poster to make this sort of attack? Hardly.
Your belief that item e) in the original post is somehow incorrect brings me to ask you how, under any flat tax, the illegal economy is caused to contribute more in tax revenue - or even any tax revenue since the very thing taxed (income) is what is being evaded RIGHT NOW and massively so.