Under the current system, if you're laid off from your job, chances are that you will pay less in income taxes.
With the FairTax, if you are laid off from your job and your refrigerator dies, you will pay full tax on a replacement. Same with car repairs, food, utilities, water, laundry detergent, medication, etc. If you need to tap savings or borrow money to meet unexpected expenses, you will need 30% more for the FairTax.
>>With the FairTax, if you are laid off from your job and your refrigerator dies, you will pay full tax on a replacement.”
A very valid point....the difference though is huge.
YOU have the choice to decide.