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<blockquote data-quote="1timepu" data-source="post: 254706" data-attributes="member: 28"><p>Under the Fair tax, there are no deductions, no loopholes, no double taxing, this is a consumption tax, unlike the Flat tax there will be still double taxing, loopholes and deductions, you get a credit under the fair tax for how much you make and how many kids this is for yur grocceries and clothes, which is illegal to tax, the poor will get a bigger credit because most of their income goes to those things, it works like this If the Fair Tax passes, first every household in the country will get paper work to fill out, you have to put the names of your family and social security numbers for each member, this is to eliminate fraud, the the goverment will issue a Fair Tax card, your credit will carry a balance on it, when you go clothes shopping you bring it to the check out line you swipe your fair tax card and it deducts the tax</p></blockquote><p></p>
[QUOTE="1timepu, post: 254706, member: 28"] Under the Fair tax, there are no deductions, no loopholes, no double taxing, this is a consumption tax, unlike the Flat tax there will be still double taxing, loopholes and deductions, you get a credit under the fair tax for how much you make and how many kids this is for yur grocceries and clothes, which is illegal to tax, the poor will get a bigger credit because most of their income goes to those things, it works like this If the Fair Tax passes, first every household in the country will get paper work to fill out, you have to put the names of your family and social security numbers for each member, this is to eliminate fraud, the the goverment will issue a Fair Tax card, your credit will carry a balance on it, when you go clothes shopping you bring it to the check out line you swipe your fair tax card and it deducts the tax [/QUOTE]
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