So much misinformation here! Let me explain briefly how the Fair Tax works

1. All current federal income taxes, capital gains taxes, etc. end. No more income tax returns every year. No more taxes withheld from your paycheck, and so on.
2. There's a federal sales tax on all NEW goods
3. The government gives a monthly check to every US Citizen to basically "untax" what it would cost to live at some level of poverty

Some benefits:

• People who were not paying taxes before now start to pay, including criminals, illegal immigrants, and tourists
• USED goods are not taxed, so used cars, used clothing, etc.
• People who are actually spending at the poverty level effectively pay no tax, because of the monthly checks. As you spend more, you pay more taxes. NOTE: this is only if you spend more, you can still earn a lot of money and spend very little of it to avoid paying taxes
• Noncitizens pay the most taxes, because they're not getting the monthly checks

Is it good or bad? 🤷‍♂️

Will it pass the Congress and get signed into law? 😂😂😂 You're more likely to see a snowflake in hell.