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Integrity and Karma's avatar

If anyone of you care to have the Full details... this is the FairTax ,once championed by Neal Boortz and Rep Linder.

It won't ever be passed,shamefully, because within the legislation is the ironclad first step of reminding the 16th Amendment to our Constitution. I can tell you

...as this would be the biggest shift of power from the Govt to the Consumer...they won't ever let that happen.

It's been years since I read thev2 books I bought on it...however:

This is a tax on new items,and services- with a prebate on taxes that would be paid on goods for the first $----? ( below the designated poverty level) for every tax payer. That will be The Only job of the IRS going fwd for household: send them their pre-bates at the beginning of the year.

Buy a new house Pay 23% sales tax. Buy a used home? Pay nothing extra.

If your thrifty, you'll save money. Illegals and tourists will pay 23% on their new goods n services-.adding benefits to the economy-without ever getting $ that citizens get .

https://video.foxbusiness.com/v/933172980001#sp=show-clips

A fast 5 minutes,if you don't want to buy either book ( Answering the Critics I think is the best book)

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Mark Bisone's avatar

The advantage of the VAT is that it would place the onus on mindless consumer cows, while the rest of us are busy building parallel economies.

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