I too am on the fence about the Fair Tax. Clearly the current system has got to go. Way too many attempts at social policy through taxes has warped it seriously out of shape.
However, like the Bowyer, I see that there are a lot of unexplained things in there. The current FAQs are insufficient.
I’d love to believe it is the right way forward, but for now I am skeptical.
How about a simple 10% of all income.
God asks for 10%, I think government can get by on the same amount.
People end up with 80-90% of whatever they earn, depending how well they give to their church/religion. Bill comes early January, get until April 15 to pay it. Gives people plenty of time to set aside during the year in an account to earn interest. They know right up front exactly what rate (10%) they will be paying.
These high rates of the Fair Tax/National Sales tax (anywhere from 23-30%) are completely unfair and socialist and are WAY, WAY, WAY TOO HIGH to have majority support. You may as well turn your whole damn check over and let them give you a sliver back.