
- It is a federal retail sales tax of 23% (Sounds awful, I know, but keep reading!). It is designed to replace every single business and personal tax the federal government imposes. It includes the dreaded income tax which means that the stupid phrase "take home pay" will become obsolete because we'll keep it all!
- The price you and I pay for an item at the retail level already has the tax burden of every business involved in that product's existence included in it. They legitimately pass their tax burden onto us.
- The price we will pay after the FairTax is enacted will be the prices we pay now.
- The difference is . . . we "take home" every bit of our paycheck!!!
- The federal government will have an equal if not greater amount of revenue.
- More money will come home, more money will be spent.
- Those who do not work, but consume our goods and services will help bear the burden.
- The welfare recipients will help when they buy non-welfare items (which they couldn't afford if they paid for their own food).
- Illegal aliens will share the burden, too.
- Legal foreign visitors will help when they buy their souvenirs and necessities while enjoying our beautiful country.
- In other words, every one pays their fair share!
- Also, included in the plan is a "prebate". Each month, every household will be pre-reimbursed for the taxes they would typically pay on the basic necessities.
- Business owners will move their companies back to America to enjoy the lessened tax burden, meaning more jobs here in the States.
A detailed plan of how the prebate would work
A list of FAQs that answers more questions than I can think of
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