The FAIR TAX too simple for you to understand = we'd pay a federal sales tax which would be the same method we now pay state sales taxes. Lotta lobbyists petitioning for loopholes in our state sales tax - NOT
The same methods that avoid sales taxes on private boats will be applied to this inanity
Hmmm - interesting you should mention "boats" - a high end item. Makes one wonder if that isn't your OX that stands to get gored with the national sales tax = The very wealthy will not have all the loopholes to jump into but will really be paying their FAIR tax. (Hint: want a new luxury item like a boat? Buy a good second hand one: no tax. Your choice. )
And THAT is where the FAIRNESS comes in: WE get to choose what we buy that we will have to pay the taxes on. Buy a good used car instead of a new one (that depreciates dramatically as we drive it off the lot) and pay NO TAXES...WE decide. The gov't doesn't get to just grab our money and we have nothing to show for it.
WE do expect the very wealthy not to like having to finally pay their FAIR share - and to fight it. Ditto the folk who make their money off the current IRS system.
Those of us not in those categories have been on the wrong end of the stick long enough.
newsflash: in europe there are nations where a staw new sale is used to reduce sales taxes on new items.
There is no need to “buy new” if you just do a little paperwork and buy “used for a second”. Even if there is a time requirement, a contract for sale can still be drawn up.
It seems the fair tax scammers have never lived in the real world or had to deal with real world paperwork. It is like the pauper ecconomists who are telling us how to be rich.
The Fair Scam Tax would be better off hiring Tommy Vu or some other get rich infomercial pitchman.
We have a new entitlement bureacracy being proposed, and EASILY avoidable tax scheme for larger items, an EASILY avoidable tax scheme on smaller goods via straw sales, an onerous increase in government paperwork and intrusion in a business’s books and records, AND it turns all businesses into UNPAID tax collectors.
What USED to be a quarterly report now turns into a monthly report.