The FairTax, Join in!

[Final-Fan]

Firstly this$5000 is false. The Prebate which he just mentioned only refunds $196/monthly per person. That equals $2352 a year. Everything else is right.

Actually the prebate ranges from about $2350 for a single taxpayer with no kids to about $9500 for a family with 6 kids.

44 states have income taxes. They would have to repeal their income taxes and raise their sales taxes in order for individuals not to have to file annual income tax returns.

As I have said before, all the states would get an Administrative Credit of 0.25% to cover the costs of collecting the FairTax. They could then dismantle the income tax structure and those costs would be gone, not increasing the budget for the state.

Are you saying that the 0.25% cut of revenue the states would get would cover the cost of FairTax collection AND [edit: the total cost of in-state tax collection? I suppose that you are assuming that the states will switch over to sales taxes as well? How high do you anticipate state sales taxes will be?]

I doubt there will be a serious if any tax hike on the "middle class." If there is I think their income increases would offset it.

This is not possible. Their income increases will be entirely due to not paying taxes other than the FairTax. If they end up paying MORE in taxes under the FairTax, then they will by definition have less after-tax income. I had thought that this was covered long ago.

Flat rate of 23%, Low enough to keep the economy moving,

The FairTax is supposed to be revenue-neutral. Therefore, it is not any "lower" than the current tax system, except for those making $200k (and whose lower taxes are to be balanced out by higher taxes on those making 15k