The Fair Tax basically replaces the income tax with a consumption tax...that is, there would be no taxing of your paycheck; however, the sales tax would increase dramatically.
Further, to help the poor, everyone would get a government check every month to cover basic food costs. The more people in your family, the more money you'd get.
Generally, we get all of our paycheck, people get their basic needs met, and prices jump up by the same percentage that our paychecks increase.
Well, that sounded better than the income tax. Especially, since I hardly spend money.
But then I heard Ron Paul talk about how wrong the income tax is...thus, I studied it and found that it was supposed to be a temporary tax.
The income tax that we have now is not supposed to exist. Thus, replacing it with the Fair Tax is side-stepping the real issue.
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