Our current income tax system is:
1) A huge impediment to economic growth domestically because it encourages American businesses to export jobs, factories and even corporate headquarters as a tax avoidance measure.
2) It discourages personal savings and capital investment, both very necessary for real economic growth.
3) Is in many ways actually rigged against upward economic mobility, since the rich can afford the best lobbyists to "tweak" the tax code in Washington, DC to their benefit and/or hire the best tax lawyers and accountants to hide their net worth by putting a large fraction of their net worth in offshore financial centers beyond US borders that are effectively untouchable by the IRS.
Small wonder why if FairTax passes some scholars have called it the biggest shift in power away from Washington, DC since the American Revolution.
nonsense, according to the law itself, the NuIRS determines what is or is not a family, DC decides what is or is not a “necessity” keeping lobbyists in the gravy petitioning for their clients products to be a necessity, AND you have a monthly ENTITLEMENT CHECK called a prebate which politicians determine how big (it will take democrats 1 second to demand a “living prebate”)
a tax cap is a good start and far better than the fairscam.