The Fair Tax plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax; a rebate to ensure no one pays federal taxes up to the poverty level, dollar-for-dollar revenue. This non-exclusive legislation puts an end to all federal, personal gift, estate capitol gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them all with one simple federal retail sales tax.

Fair Tax provides a "prebate", so that no one pays taxes below the poverty line. A prebate is the government giving each individual the amount they would pay in taxes to live up to the poverty line. That way, the Fair Tax eliminates taxes for low-income individuals.

The Fair Tax taxes us only on what we choose to spend, not on what we earn. It doesn't raise any more or any less; it is designed to be neutral, so its cost is also neutral. The final cost for goods......

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Title: Fair Tax
Approximate Word Count: 402
Approximate Pages: 2 (250 words per double-spaced page)

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