A Kick in Your Wallet? Fair Tax Plan

At the end of his article on the FAIR TAX PLAN, Jeff Schnepper writes:

We raise more tax money today than ever before in our history. The problem is that we increase spending faster than we increase tax revenues. We may end up with both an income tax and a national sales tax. Wouldn't that be a kick in your wallet?

What is the FairTax Plan?

What is the FairTax?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including:

* A progressive national retail sales tax.
* A prebate to ensure no American pays federal taxes on spending up to the poverty level.
* Dollar-for-dollar federal revenue neutrality.
* Repeal of the 16th Amendment through companion legislation.