Would you repeal the Fair Tax Act?

The Fair Tax has not been enacted, so it cannot be repealed. It is currently in Congress as H.R. 25 in the House and as S. 13 in the Senate.

The Fair Tax has only one rate. It is a simple end user only sales tax. Only new goods and services are taxed. (After something is taxed once, it is never taxed again.) It has a built in "prebate" that effectively untaxes the poor and makes the whole thing progressive without defining income levels. It effectively ends class warfare-via-taxation.

For more information on the Fair Tax, just click on any of the Fair Tax links in this comment.

By the way, "No tax" is absolutely unrealistic. "Flat tax" just puts us back to where our current system started which was broken from its initial creation. Our current tax system cannot be fixed. It must be replaced. Fair Tax is the best answer. It is the only fair answer.

I think it is tax idea that I live with

20%

The fair tax is STILL just a BILL it has never gotten on the floor for a vote because those in government know it will strip them of their power it will end lobbying and it will destroy class warfare.... Fair tax needs to be voted on, people need to be informed abouthow it would worl, how it will bring industry to this nation over every other nation and how it will reduce the numbers of people who live in poverty to almost nothing.

Repeal Fair Tax... if it was an actual ACT/LAW ... what are you stupid?

You can't repeal what hasn't been enacted. Need to go to some form of consumption tax, whether it is the Fair Tax plan or some other Value Added tax plan. Get rid of the IRS, that's what needs to be repealed.

Life is not 'fair' why force everyone to make it 'fair' isn't it UNFAIR for the gov't to take my money and give it to people that refuse to work?

The only people, I feel, deserve entitlements are mentally challenged and physically disabled (including disabled Vets).

Exactly.

Abolish the IRS, Taxing consumption only is a much better way to go.

There should be a straight 23% tax rate for all American's. No shelters, no outs. If you make 70 grand a year be taxed on 70 grand, if you make 17 million a year, be taxed on that as well. even the scale

Taxes are too complicated...and this complicates it even more.

yes

yes

under the condition that all other taxes are gotten rid of

The Fair tax is a terrible system, and either doesn't simplify the tax code, discourages economic growth, or over taxes the poor as a regressive tax system. The flat tax is extremely simple, doesn't benefit or punish anyone for anything, shifts the burden of taxes where they belong, and would raise tax income proportionately with the economy.

The Fair Tax is the most studied piece of legislation in history. And since when is a tax either suppose to benefit of punish anyone? You have the wrong idea about what a tax should be. It is a national sales tax so anytime anyone buys something new they will be paying taxes. The rich, because they are rich buy more stuff, therefore they will be paying more taxes. People would be paying around 23% for stuff they buy. Right now there is already an embedded tax of around 22% for stuff you buy which will disappear because companies will no longer have to charge it. Each month each family gets reimbursed for taxes on food and clothing, so the poor which buy very little else will not be paying much taxes. Because there will no longer be any individual or company federal income taxes the US will become a magnate for companies and we should see an influx of companies coming home and news ones coming here. You have not done your homework on this topic you are just regurgitating talking points that you have heard spewed by others that do not know the truth. The Fair Tax would eliminate the need for the IRS and it's draconian ways. Please go to:
fairtax.org to read more about it.

I have been there. First of all, while the rich spend more money, they spend less as a proportion of their whole. If a rich person makes 1 million a year, and spends 500,000 a year, and the tax is 23%, they would be paying 11.5% on their total income. In contrast, if a poor person makes $20,000 a year, but spends $19,000, they will be paying, at 23% sales tax rate, 21.85%, which is a much higher tax rate for the poor than for the rich, in other words a regressive system.

I also specifically said that taxes aren't supposed to benefit or punish anyone. "doesn't benefit or punish anyone for anything." Regressive taxes, like sales taxes such as the fair tax, punish people for being poor or for spending money (which would likely hinder economic growth) while progressive taxes punish people for being rich or successful. The flat tax is the ONLY tax system that doesn't punish anyone for doing anything. The flat tax has a few forms, one of which includes an exclusion for production policies and corporate income, which would decrease the amount tagged onto the cost of a good. A fair tax would INCREASE the amount of tax is been tacked on to the product.

The fair tax is up for a vote in Missouri, and evidence shows it will bring in as much as $1 billion less, which for a state as small as Missouri, is huge. It is completely unsustainable, illogical and immoral.

The rich are spending more more therefore paying more tax. Your argument is that the "rich are not paying their fair share." If everyone is paying 23% then they are paying the same amount as everyone else and they are buying more therefore paying more. I don't think you really understand the Fair Tax.

I actually already proved your entire post wrong. In a sales tax or Values added tax, no one is actually taxed the amount of the tax, they are taxed the amount of the tax multiplied by the percentage of their income they are spending. Since rich people spend less of their income than they make, and poor people spend as much, and sometimes more, of their income than they make, the poor always pay a higher tax rate than the rich in a regressive system such as the Fair tax.

Never mind I read Flat rather than Fair.

The Fair Tax act has never been voted on so how can it be repealed? Do I think that the Fair Tax should be implemented, you betcha. It is so much better than the system we now have.

Missouri is voting on it in November.