[CarlV]

Forbes sez:

The Fair Tax calls for abolishing all federal taxes and replacing them with a 23 percent nationwide sales tax that applies only to new goods and services. For example a used car or secondhand clothes would be exempt, while groceries would not. In addition to a simplified tax, everyone would receive something called a monthly prebate check.

There are excellent reasons for wanting to place the tax on consumption rather than incomes or corporate profits. One of the largest being that all taxes have deadweight costs and consumption taxes have lower ones than income or corporate taxes. A deadweight cost being the amount of economic activity that doesn’t happen because of the tax: lower deadweights mean we can have more economic growth for any level of taxation, or if you prefer, higher taxes for any level of economic growth.

http://www.forbes.com/sites/timworst...tax-will-fail/

Don't want to pay taxes? Then don't buy any food!


Carl