Fair Tax

Every so often I hear talk of tax reform, making taxes more fair, taxing the rich, lowering taxes, tax increases, redoing or amending the tax code, etc. but nothing new or revolutionary in income tax reform has come along until recently. The new proposal is called the Fair Tax.

The Fair tax really isn't an income tax at all nor is it a sales tax. Under the fair tax all income taxes will be eliminated.

i don't hear commentators mentioning the fair tax when discussing tax reform or analysis debating it. Few people are aware of it and I believe politicians are afraid of it because it takes away so much of their ammunition against the other parties and eliminates much of their power.

For a better understanding of what the fair tax is and how it works, visit Rep. bob Woodalls site at http://www.fairtax.org