Would you support FairTax plan?

Can we exclude food from the sales tax?

Louisiana is 9.5% (higher in some areas). My guess is that those local sales taxes would shift towards property taxes over time, which also kind of sucks.

I'm on board with a consumption tax instead of income tax but Ithat seems high to me.

No. I’d support cutting federal spending, no income tax, no property tax, no sales tax.

Invade neighboring countries and tax them like in the old days.

Get rid of direct taxation of citizens from the federal government.

Let them get from states like they used to do.

Let states tax as they wish.

Have since 2001

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It would raise your sales tax rate by an additional 27-29%(Almost 40% here in AL)

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edit.

you right. i was wrong. i was thinking income.


enjoying eating my crow now

Our sales tax in Colorado is already 9%. Why not?

[quote]quote:It would raise your sales tax rate by an additional 27-29%(Almost 40% here in AL) thats false. no one in their right mind would support adding an additional tax. the fair tax is replacing existing taxes. read up. LINK ]

The FairTax is a federal tax. It wont replace state income taxes. It would replace income and payroll taxes. Theoretically youd be paying the same.

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Can we exclude food from the sales tax?

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No exemptions.

This is for a couple of reasons:

1 - Every family irrespective of income receives what's referred to as a "prebate" at the start of every month that's the amount of tax anticipated to be paid on basic necessities.



2 - Under the current income tax system, approx. 21-27% of what makes up the retail price paid at the register are embedded corporate income taxes that are passed along the distribution chain from the manufacturer all the way down to the retailer. These corporate income taxes are ultimately paid by the consumer.

Those embedded corporate income taxes go away under the FairTax, so there's no reason for those cost components to be included in the margins of the goods sold. That eliminated income tax component is approximately the same rate as the National Retail Sales Tax.

In short - federal income taxes that corporations collect (paid by consumers) are practically replaced to the penny by the National Retail Sales Tax. That means price movement under this system would be negligible.

The major difference is that federal withholding would go away, so all workers would be taking home their entire paycheck.

I've posted about it extensively, and am happy to provide links to some of the more thorough explanations, if desired.

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Only way this would ever be fair is to remove all exemptions across the board for individuals and corporations. No more IRS and no more yearly tax return filings to adjust and reduce your taxable liability.

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It eliminates all this, including capital gains tax

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It would raise your sales tax rate by an additional 27-29%

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That's not entirely accurate. The sales tax rate would go up, but you'd lose approximately the same amount in embedded corporate income taxes that comprise a quarter of the cost of goods that we currently pay. It's almost an even swap.



With continued efforts by DOGE to eliminate wasteful federal spending, rooting out fraud & money laundering, and augmenting internal revenue with external revenue from tariffs, this is eminently doable.

Remember, a key provision of the bill requires abolition of the 16th Amendment, legalizing the income tax at the federal level. The 2/3 majority of the House & Senate would have sufficient support from the state legislatures to approve the amendment. That concurrent will of the people would likely carry over to affect similar change in the remaining states that have income taxes there, as well.