Dad2three
Gold Member
No CREDIBLE economists thinks the 'FAIR' tax works with it's numbers. Period!
Citations?
http://taxprof.typepad.com/taxprof_blog/files/bartlett_fair_tax.pdf
Adding up the Fair Tax
SUMMARY: Mike Huckabee says a national Fair Tax will be like a "magic wand." We say magic wands don't exist.
Critics of the Fair Tax are legion: The harshest say the idea is ridiculous nonsense; the mildest say it's an interesting thought experiment that can't work in practice. Few mainstream economists find the idea a worthwhile policy proposal for several reasons.
"At the end of this story, when you add in some state sales taxes, we could be close to 50 percent," Baker said.
Adding up the Fair Tax PolitiFact
Why The Fair Tax is Unworkable
Why The Fair Tax is Unworkable Arnold Kling EconLog Library of Economics and Liberty
According to Money magazine, while many economists and tax experts support the idea of a consumption tax, many of them view the FairTax proposal as having serious problems with evasion and revenue neutrality
Money Magazine Just how fair is the FairTax - Sep. 7 2005