- Nov 26, 2011
- 123,644
- 57,043
- 2,290
It is naive to think special interests would not pay our politicians to put exemptions in the Fair Tax. Just like they do now to the tune of $1.5 trillion of lost revenue each and every year.Well, isn’t that the point? There won’t really need to be any tax laws. It would all be straight forward wouldn’t it? No loopholes, no deductions, just..buy a product…money goes to IRS…done deal.
Wouldn’t it be that simple ?
The first exemption would be milk, and that would open the door to a trillion dollars of exemptions.