asked about The FairTax (again)
I support The FairTax, I like seeing people who understand it and are able to articulate what it would do.
Mike Huckabee answers the question from John McCain on the FairTax in the Florida Republican Debate.
If you want to learn more try the about page at FairTax.org or pick up the paperback version of The FairTax Book.
Basically it would:
- allow you to bring home 100% of your paycheck
- reduce the costs of all goods and services (compliance costs, corporate taxes, etc)
- add back in an inclusive sales tax
- send a check to every household equal to the taxes for the month up to poverty level spending - thus the poor are not taxed.
- not tax used items - only new items
- promote saving and investing (because savings and investing is no longer taxed)
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