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<blockquote data-quote="1timepu" data-source="post: 814513" data-attributes="member: 28"><p>Ok a little schooling First everybody get&#039;s the whole paycheck! Second you only pay a tax when you purchase something &quot;NEW&quot;, NO TAX on re sale! 3rd the consumption tax would be around 21%( Right now companies have Tax embedded in their good&#039;s they sell, From the beginning of the process to the final product, taxes are passed all along the process,when the Fair Tax passes companies will lower prices to reflect no taxes in the product. 4th point you PAY NO TAXES, that means no sales tax, no SS tax , no medicare tax, medicaid tax,no death tax, no investment tax,no gas tax, ALL TAXES ARE TAKEN AWAY! 5ht Point, under the Fair Tax you pay NO TAX ON SAVINGS! 6th point Everybody get&#039;s a &quot;Rebate&quot; from the Federal goverment, it&#039;s based on how many people you have in the family then they calculate how much food you would buy, based on that they would send you a rebate check to cover the taxes on food.6th Point More money would come in to the Government with the people who don&#039;t pay taxes now like the Organized crime, Drug lord&#039;s, the underground economy what it is called,would no pay. with the Fair Tax everything is paid for SS Medicare Medicaid and there is money left over.There is much more I suggest you goto <a href="http://www.Fairtax.org" target="_blank">www.Fairtax.org</a> and check it out there is also many book&#039;s out about it in Borders and Barnes and Noble.</p></blockquote><p></p>

[QUOTE="1timepu, post: 814513, member: 28"] Ok a little schooling First everybody get's the whole paycheck! Second you only pay a tax when you purchase something "NEW", NO TAX on re sale! 3rd the consumption tax would be around 21%( Right now companies have Tax embedded in their good's they sell, From the beginning of the process to the final product, taxes are passed all along the process,when the Fair Tax passes companies will lower prices to reflect no taxes in the product. 4th point you PAY NO TAXES, that means no sales tax, no SS tax , no medicare tax, medicaid tax,no death tax, no investment tax,no gas tax, ALL TAXES ARE TAKEN AWAY! 5ht Point, under the Fair Tax you pay NO TAX ON SAVINGS! 6th point Everybody get's a "Rebate" from the Federal goverment, it's based on how many people you have in the family then they calculate how much food you would buy, based on that they would send you a rebate check to cover the taxes on food.6th Point More money would come in to the Government with the people who don't pay taxes now like the Organized crime, Drug lord's, the underground economy what it is called,would no pay. with the Fair Tax everything is paid for SS Medicare Medicaid and there is money left over.There is much more I suggest you goto [url]www.Fairtax.org[/url] and check it out there is also many book's out about it in Borders and Barnes and Noble. [/QUOTE]

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