Let me reiterate something from my earlier post on the Fair Tax. Neal Boortz is only a syndicated radio talk show host who is a Libertarian and collaborated with Congressman John Linder, who is the author of the bill to eliminate the Income Tax in favor of the Fair Tax, and came up with the book.

For those of you who are in the United States, next time you get paid, take a good look at your paycheck, and you will notice that a good portion of what you MAKE (notice not take home but make) is taken away by FICA and the Federal government. With the Fair Tax, you will get to keep ALL 100% of the money that YOU make in your paycheck. Did you know that 7.65% of your paycheck goes to support Social Security (which needs to be privatized but that is for another thread) and Medicare by you and another 7.65% is paid into the same by your employer? With the Fair Tax, that will be abolished.

The Fair tax is replacement, NOT reform. All federal income taxes will be replaced with the Fair Tax. The Fair Tax will be collected only once, at the final purchase of NEW items. So all used items will be excluded.from being taxed.

From FairTax Frequently Asked Questions:
11. Why is the FairTax better than out current system? Our present tax system is one of the reasons that people are finding it so difficult to get ahead these days. It is one of the reasons the next generation may not have a standard of living as high as this generation. Cars replaced the horse and buggy, the telephone replaced the telegraph, and the FairTax replaces the income tax. The income tax is holding us back and making it more difficult than it needs to be to improve our families’ standard of living. It makes it needlessly difficult for our businesses to compete in international markets. It wastes vast resources on complying with needless paperwork. We can do better and we must.

12. Is the FairTax fair? Yes, the FairTax is fair, and in fact, much fairer than the income tax. Wealthy people spend more money than other individuals. They buy expensive cars, big houses, and yachts. They buy filet mignon instead of hamburger, fine wine instead of beer, designer dresses, and expensive jewelry. The FairTax taxes them on these purchases. If, however, they use their money to build job-creating factories, finance research and development to create new products, or fund charitable activities (all of which help improve the standard of living of others), then those activities are not taxed.
I apologize for not spelling it out more in my first post, and hope this helps in educating those of you on the FairTax. I will post more in time.