[Man50D]

Fair Tax ping!

[Willie Green]

'Fair Tax Book' makes a surprisingly strong case

It shouldn't be surprising at all.
The Fair Tax hucksters have far more financial backing to develop their propaganda than the Shamwow guy.
But it's all an abominable distortion of tax theory that's advocated by the very same financial swindlers who use our National Treasury as their personal piggy bank.

I use the misnamed "Fair Tax" as a litmus test.
If a candidate supports that thing, I know for certain that he/she can't be trusted on any other issue either.

[Bigun]

Fair Tax Book' makes a surprisingly strong case

That is because the FairTax is an amazingly good idea Professor!

Welcome aboard!

[Toddsterpatriot]

The authors cite government and independent studies by several noted economists that estimate that embedded taxes in our current tax system — that is, taxes paid by manufacturers, retailers and other providers of goods and services and passed on to the end consumer — raise the price of goods and services by about 22 percent.

I'd like to see the "math" behind these studies.

Once all federal taxes, including the income tax and Social Security and Medicare taxes, are eliminated, these prices should decrease under competitive market conditions, in an amount that would virtually offset the “fair” tax.

Prices remain the same, my taxes drop to zero and I get a prebate every month. Sounds like Obama math.

[cookcounty]

MOST Americans will see a tax increase with the "Fair Tax." Therefore, they will not vote for it.

Don't stock what you can't sell.

[bluegirl]

No one has been able to explain to me what would be "fair" about this:
We are near retirement. We have been living frugally and saving money. We have already paid taxes on the money we saved and plan to live off. If the "fair tax" is passed, it will be like paying taxes again on money that has already been taxed. Doesn't seem fair to me.