[phoenix0468]

Not only would the purchase of a new home be taxed, unless it is purchased as a rental - then it would be tax free, but the renter would pay 30% FairTax every month on the rent.

Nope, not ever. Sales taxes don't apply to real property, not even in the Fair tax debate. And rent would most assuredly not be taxed. Then you go on to talk about the home being taxed and taxed again. Your ignorance is abundant.

[lucysmom]

Nope, not ever. Sales taxes don't apply to real property, not even in the Fair tax debate. And rent would most assuredly not be taxed. Then you go on to talk about the home being taxed and taxed again. Your ignorance is abundant.

I can only assume that you are new to these discussions and the FairTax.

The 29.87% FairTax does indeed apply to new home sales as well as new car sales. The tax does not apply to used items except when the purchase was initially made for business purposes and then is converted to personal use. The 29.87% FairTax rate is then applied to the value of the property at the time of sale. (did some research and answered my own questions)

Rent is absolutely taxed at the 29.87% FairTax rate - each and every month.

No, I never talked about a home being taxed, and then taxed again. Rent is taxed each month, and a new home is taxed at the time of sale except in the case where a new home is purchased as a rental (tax free) and later converted to personal property (first time tax). After the initial tax is paid, the resale of the home is not taxed.

I don't blame you for wanting to believe these statements are due to my ignorance rather than yours. It all is a little hard to swallow.