Tell the Trump Transition Team about the FAIRtax!

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Tell the Trump Transition Team about the FAIRtax!

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He was one of the few R Candidates who was strongly in favor of a progressive tax. He really doesn't need the "Fair tax" nonsense.

As someone that is fully on the train and support the Fair Tax I don't believe there is a chance in hell Trump would propose the Fair Tax.

First he didn't campaign on the idea and second he just doesn't have the political capital to pass such a massive idea. Think of the heavy lifting required:

1. A constitutional amendment would have to be passed to give the federal government the authority to tax consumption. Currently the federal government does not have the authority to tax personal consumption. Contitutional amendments are hard.

2. There is no way I could support the Fair Tax that requires a constitutional amendment allowing the government to tax personal consumption without repealing the 16th. There is no way I would support the federal government having the power and authority to tax both personal consumption and income.

I love the Fair Tax idea but it is a HUGE political lift. We would need a HUGE ground swell from the people to make this happen.

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Opponents of the FAIRtax are incapable of arguing the bill without changing the conditions of the bill as written.

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Without fail.

As Neal Boortz was fond of saying, it would be the greatest transference of power since the Declaration of Independence. I honestly don't understand why more folks aren't behind this.

Literally the only thing it doesn't do is play to the lefties' penchant for sticking to the wealthy. They have to have some level of class warfare to operate properly. You would think that wih the prebate wiping out the tax liability for families at or below the poverty level, that they would be lining up to sponsor it.

I honestly think that if Dems had come up wih it, they'd be screaming it from the rooftops to get it passed.

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I much prefer the flat tax

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If that's the case, and I mean this with all due respect, you don't understand the FairTax.

One of the biggest misconceptions about it is that it's a tax on top of what you're already paying at retail for an item. It's not 22% above what you pay at the register, now. Approximately 21-23% of what you're currently paying for literally EVERYTHING are embedded corporate income taxes which are passed along to consumers from each step in production/distribution. Corporations don't pay income tax, they merely collect it from consumers. When you spend $1.00 for an item, the actual cost of that item, (margin and everything) is about $0.77. Everything else is a sliver of the income taxes that get passed on to the final consumer.

With the passage of the legislation, the IRS is abolished and there is no need for that additional $0.23 for the manufacturer to make exactly the same money they were before. Market forces drive the cost down to the actual price of $0.77, and at the register the NSRT adds the $0.22, so you pay $0.99 for the item that previously cost you $1.

Except that you pay for it out of your entire paycheck which had zero withholding taken before you saw it.

They absolutely will. They are going to stay in that car til they can't drive it anymore. Same as with a house. They will stay in that house until they can no longer take it. Thinking that everything is static and we can change variables and keep everything else the same is what liberals do, not us.

What you're missing is that the tax isn't exclusive to current pricing - it's inclusive to current MSRP. You're paying practically the same price you are under the current tax structure, but you'd be doing it with more available money, since your entire paycheck is take-home.

It's also important to realize that the tax is only paid on brand new goods. Only new homes would be subject to it, and again - it has zero net impact on price from current ranges.

Knowing is half the battle.