So, who makes up for the federal taxes corporations pay now that they don't under your plan?<quoted text> 23% Getting rid of the IRS by passing the fair tax would cause the greatest economic boom this country has ever seen. The revenue from that economy would be massive.
Currently, what you pay into SS determines what you get out but not under the new plan. There is no payroll tax. SS comes out of the general fund.
Do foreign customers pay this sales tax when they buy products made i the US making anything we export cost 23% more or do foreigners get to buy it tax free where we don't?
Don't prebates still give us those that don't pay taxes only worse because they also don't pay payroll taxes?
Are investments taxed when purchased?
Who makes up the loss of tax revenue from the money the wealthy don't spend?