Ditto. The last thing this nation needs is another regressive tax system. It will only serve to penalize none but the dwindling middle class and creates no incentives save for the creation of a burgeoning black market. And what's worse, when (not if) the tax revenues drop due to the black market, the states and fed will create new hidden taxes (AKA "fees") to recoup their revenue losses.
And when their tax revenue losses become big enough, the "fair tax" (sic) bill permits intrusion into our lives to make sure we're buying merchandise from approved sellers.
Under the misnamed "fair tax," the menacing phrase, "Papers, please" will be replaced by "Receipt, please."
Naturally, the "fair tax" crowd will deny this...and it's understandable since none of them have bothered to read the bill.
On the money, Prime.
" A person using or consuming a taxable property or service in the United States is not liable for the tax imposed by this section if the person pays the tax to a person selling the taxable property or service and receives from such person a purchaser's receipt within the meaning of section 510."
... both here and later throughout the bill it is the seller who has the onus of proving his correct handling of the tax ... not the buyer. The buyer only has to reveive a receipt, not produce it; that would be a seller's problem.
Are you aware that the FairTax as presented by HR25 has a provision wherein every family gets a "prebate" of $180-$700 a MONTH (depending on family size)? If so, how do you see it as still being "regressive," Jay?