I disagree. I hope it DOES include homes, and I wish it replaced perpetual property taxes. If I have to pay for the government, I want to get it over at the beginning, and then when it's paid off, I own it, and that's all. Having to pay local tithes to the Feudal Government perpetually till death is WRONG!!!
From what I've seen of the NRST, it only applies to sales of new items.
Buying a used car or home would have no sales tax.
This will affect new home sales, but I'm not sure how much. I'm sure an analysis of this has been done.
That reminds me of one of Bob Dole's jokes: Dole was referring to his going-away speech to the U.S. Senate. "I said, 'Now let me tax your memory.' And Ted Kennedy jumped up and said, 'Why didn't I think of that!?'"
To see how the FairTax would apply to Home Sales, visit this website, FairTax Facts! and click the link: 5. HOME BUYER!
While you are on that website, you may want to have a look at some of the other Links. I particularly like 4. PAYCHECK!
BTW, the FairTax is supported by a substantial group of "grassroots" volunteers (some 420,000 at last count) known as Americans For Fair Taxation (AFFT).
To join AFFT, goto Americans For Fair Taxation
AFFT is holding its 'first-ever' National Convention in Atlanta, Georgia November 8-10, 2002. You don't have to be an AFFT member to attend. The public is invited. The website with details is: CONVENTION!
Here's where you can sign a Petition in support of the FairTax. I enthusiastically recommend the FairTax as the best way to achieve Fundamental Tax Reform (FTR).... PETITION!
A number of winning candidates (U.S. Senate and House) ran on a platform that included endorsement of the FairTax (HR 2525) in the Nov 5th election.
Both of the Congressmen who are the principle cosponsors of the FairTax won re-election on Nov 5th by huge margins. They are John Linder (R-GA) and Collin Peterson (D-MN).
Saxby Chambliss (R-GA) publicly declared his full support of the Fairtax and pledged that if he won, he would introduce a corresponding Bill (to H.R. 2525) in the Senate. Chambliss won decisively, defeating incumbent Max Cleland who was unsupportive of the FairTax for tax reform.
Here in Iowa, the candidate for Congress from the 5th Congressional District, Steve King, ran on a platform that strongly favored the "consumption" tax and abolishment of the IRS. King won decisively.
There were a number of others who support the FairTax and who won in the Congressional election of Nov 5th. Some were incumbents and some were challengers.
I sense that there a quite a few participants on this board who like the idea of the "sales tax" (also called 'consumption' tax), or NRST (National Retail Sales Tax).
For starters, you may want to join my NO-IRS Forum where we post about the FairTax/NRST. Have a look at the Welcome Letter which will give you a pretty good flavor of it..... WELCOME!
If you want to join, eMail me and I'll handle it for you.
Email to: Cliff Cofer
Here's a nifty one-page Flyer that make a nice print-out for 'spreading the word' about the FairTax: FLYER!
Good luck to all!
Cliff Cofer - State Director, AFFT Iowa Volunteer Team