Advocates for the so called 'Fair Tax' say it will result in everyone receiving 100 percent of their paycheck.
It wasn't true when former libertarian Neil Boortz published his first best-seller on 'The Fair Tax Book'; it wasn't true when he published his much revised mega best-seller paperback edition on the 'Fair Tax,' and it still isn't true now that he's published his follow up, called Fair Tax: The Truth: Answering the Critics.
As one of those critics points out, the critics aren't answered, and truth is utterly at odds with the claims of the 'Fair Tax' enthusiasts -- as can be seen in Boortz's new book itself:
The book ... is intended to be a sequel to The FairTax Book, published in 2005, that offers "eye-opening new insights not covered in the original book."
Boortz is right. There are some eye-opening new insights unique to this sequel. Like the disclosure that you might "owe more in taxes in the first year of a FairTax system than you do today." Or the admission that "the FairTax could be even more progressive than our current system." Or the confession that the "implementation of the FairTax doesn't mean complete annihilation of the IRS." Or the proposal that "a procedure should be set up in the Treasury Department to collect taxes on Internet and catalog sales, remitting the state and local governments' share to them."
Fair Tax: The truth is there is no such thing as a fair tax. Never was. Never can be.
UPDATE: Now online is an article from that same Fair Tax critic, from the May 12 issue of The New American: "Is Making Taxes 'Fair' the Answer?" Says author Laurence Vance, "This comprehensive article on the problems with the FairTax is not based on a Boortz book, although I think I mentioned him once or twice." It concludes:
Since it is a tax-reform proposal instead of a tax-reduction proposal, the FairTax merely changes the way that taxes are collected. It is an incremental step toward neither lower tax rates nor lower taxes. And it is certainly not a plan to return the size, scope, and cost of the federal government to its proper constitutional authority. With President Bush’s proposed new budget topping $3 trillion and the national debt fast approaching $10 trillion, the need of the hour is clearly to rein in government spending, not change the way the government raises its revenue. FairTax proponents have the proverbial cart before the horse. Their energy is misdirected. As Congressman Ron Paul has remarked on several occasions: “The real issue is total spending by government, not tax reform.”
The income tax should be repealed, not replaced. The IRS should be abolished, not given a new name. Tax reform should result in revenue reduction, not revenue neutrality. Because the FairTax falls far short of these goals, it should not be considered a “fair” tax. It should therefore be rejected by all Americans who favor a return to the limited government of the Founders.
Who in all honesty could disagree?