New Bill introduced will eliminate the IRS and replace federal income tax with a "Fair Tax" bill
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As a 35 year CPA I’m against this. Two basic reasons. One, the sales tax is the purview of the states.
Second, and more important…never ever ever give those fuckers a new way to tax us. You can bet your ass when it’s all said and done they will still have all the old ways and now another new way. Guaranteed.
Another thing I don't like about it is you must have to have every sale identified to your SSN so they can send you a rebate check. Essentially this means the end of cash and any privacy in buying and selling.