TOP 10 FAIRTAX MYTHS

Here are a few myths you will hear about the FairTax® that are easily rebutted!  They are all good subjects for presentations.

1-FAIRTAX WILL RAISE PRICES 30%;

2-FAIRTAX WILL CREATE A NEW UNDERGROUND ECONOMY ON RETAIL GOODS SOLD AS USED SUCH THAT EVASION WILL BE RAMPANT AND ENFORCEMENT IMPOSSIBLE;

3-CONSUMERS WILL BE SUBJECT TO ABUSIVE AUDITS BY THE NEW STATE TAXING AUTHORITY - STATE OR FEDERAL;

4-FAIRTAX WILL NEVER BE REVENUE NEUTRAL (BRING IN THE SAME REVENUE AS INCOME TAX)

5- FAIRTAX IS REGRESSIVE AND SHIFTS THE TAX BURDERN OFF THE RICH TO THE MIDDLE CLASS AND POOR;

6-THE FAIRTAX WILL NOT END THE MARRIAGE PENALTY AS THERE IS NO MARRIAGE PENALTY;

7-FAIRTAX IS A GIANT WEALTH TRANSFER FROM MIDDLE CLASS TAXPAYERS TO PERSONS PAYING NO TAX AND SUPPLYING THEM WITH MEDICARE AND SOCIAL SECURITY;

8-FAIRTAX IS NOT AND NEVER WILL BE POLITICALLY VIABLE AS THE INSIDE THE BELTWAY POLITICAL CLASS AND THE K-STREET LOBBYISTS WILL STOP IT FROM EVER HAPPENING;

9-FAIRTAX WILL CAUSE STATE AND LOCAL TAXES TO RISE AND WILL NOT LOWER FEDERAL TAXATION BECAUSE THOSE GOVERNMENT ENTITIES HAVE TO PAY THE FAIRTAX ON PURCHASES OF NEW GOODS AND SERVICES;

10-FAIRTAX WILL NOT REPEAL THE 16th AMENDMENT.