FairTax
http://www.fairtax.org/
Has anyone else looked into this? Are there any major drawbacks? It seems to accomplish most of the major goals I have for a tax overhaul. I've also been told that it was introduced in both the senate and house in 2005, which seems like a fairly major milestone. The quicky overview is: replace all federal taxes with one flat 23% sales tax, to be collected by the states (SS tax, income tax, medicare tax, heck for me that's better than 23% right there, not counting the 6% of ss "my employer pays").
Thoughts? Comments? Suggestions? Reasons not to call my senators and representatives and ask why they don't support it?
Has anyone else looked into this? Are there any major drawbacks? It seems to accomplish most of the major goals I have for a tax overhaul. I've also been told that it was introduced in both the senate and house in 2005, which seems like a fairly major milestone. The quicky overview is: replace all federal taxes with one flat 23% sales tax, to be collected by the states (SS tax, income tax, medicare tax, heck for me that's better than 23% right there, not counting the 6% of ss "my employer pays").
Thoughts? Comments? Suggestions? Reasons not to call my senators and representatives and ask why they don't support it?
