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Regardless of the system used 30% is an abomination! Just think THIRTY PERCENT! Almost one third of every dollar in your pocket. And then you still have the city, county and state taxes. Ugh!

The federal income tax is an abomination considering on average people fall into the 15% income tax bracket, pay 7.65% in payroll taxes, 7.65% employer matching plus hidden business taxes and associated compliance costs. It adds up to far more than 30%!

The 30% tax exclusive rate of The Fair Tax, that is the same dollar amount collected as the 23% tax inclusive rate of the income tax, will be reduced due to the prebate not to mention the increase in purchasing power for people as they will receive more in their paychecks after federal income taxes are abolished.

" The 30% tax exclusive rate of The Fair Tax, that is the same dollar amount collected as the 23% tax inclusive rate of the income tax, will be reduced due to the prebate not to mention the increase in purchasing power for people as they will receive more in their paychecks after federal income taxes are abolished."

This is revenue neutral?

Let's do the fuzzy math. Feds get the same amount of money. Businesses pay nothing under FT. Individuals will also be paying less. Magic beans will be available to all including the gov't to make up the difference? (don't try the $34/head compliance savings ilo the magic beans).