The FairTax; will fire up our Economic Engine!
How does the pre-bate work? Unlike any other consumption tax, the pre-bate ensures that the tax is progressive, and un-taxes the poor up to the poverty level.
This video makes a good case for what is wrong with the current tax system. At the same time, it makes the case for the Fair Tax.
Tim Geithner, President Obama’s nominee for Secretary of the Treasury, would have already been confirmed if the Fair Tax was in place. Because under the Fair Tax, there are no tax returns to file and NOT paying your taxes becomes impossible. The FairTax is fundamentally, economically stimulative.