[Leisler]

We will have the same taxes and the fair tax.

[Man50D]

We will have the same taxes and the fair tax.

We already have a sales tax. Corporations, like individuals, have taxes levied on income. An income tax becomes a cost to businesses who in turn pass that cost onto the consumer by including the cost at each stage of production in the price of everything we purchase. Slightly less than 23% of every dollar is tax. It is essentially a sales tax. The Fair Tax will remove these embedded taxes by eliminating corporate income taxes and imposing a tax of 23% only once at the point of sale.