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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: FairTax Date: 9/27/2012 3:45 PM
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mrgoo: "By no means am I trying to create a political debate what I was curious what folks think of a flat sales tax being sold as a FairTax. For reference check out: http://www.fairtax.org/site/PageServer?pagename=HowFairTaxWo...... "

I am with Peter, the question alone is political.

I think FairTax has multiple problems:

1. It disguises its rate as 23% all inclusive, when it is really a 29.87 sales tax rate.

2. It will require a Constitutional Amendment. no easy task.

3. It is very regressive.

4. It relies on a lot of untested assumptions regarding its revenue neutrality.

Among others.

Regards, JAFO
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