Kevin McCarthy Introduces “Fair Tax” Which Would Abolish Federal Income Tax
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MUCH IN THIS THREAD IS INCORRECT.
I'm holding a copy of "The FairTax Book" from 2005, signed by authors Neal Boortz and former congressman John Linder.
I don't know exactly what Kevin McCarthy has proposed or how it may differ, but many of these concerns/questions are fully addressed in the original book.
If you're interested in 'The Fair Tax', please find and read 'The FairTax Book'. It's an excellent plan as designed.
This is the way to go.
The FairTax Book Hardcover
FairTax: The Truth: Answering the Critics Paperback
The FairTax movement had trailblazers. The plan was developed by competent people and publicly debated. Those raising objections now should review the debates during development for more information.