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As I said, I think the concept is great and it's one that I support in theory. However, we would have to repeal the 16th or else we'd be stuck with both a national sales tax AND an income tax. Repealing the 16th requires a constitutional convention in which the politicians can propose any amendments to the constitution they want, not just those which were used to call the convention.Pocket is right that the fair tax is suggested to be in the high 20's, 28% is therefore reasonbly accurate. I have even seen it proposed as high as 36%, in order to more evenly redistribute wealth to the lower classes through the prebates.
As I said, I think the concept is great and it's one that I support in theory. However, we would have to repeal the 16th or else we'd be stuck with both a national sales tax AND an income tax. Repealing the 16th requires a constitutional convention in which the politicians can propose any amendments to the constitution they want, not just those which were used to call the convention.
Pocket is right that the fair tax is suggested to be in the high 20's, 28% is therefore reasonbly accurate. I have even seen it proposed as high as 36%, in order to more evenly redistribute wealth to the lower classes through the prebates.
