It incorrectly states that tuition would be taxed under FairTax. It also says,
no household making over $1 million annually should pay a smaller share of its income in taxes than middle-class families pay
which, by putting requirements in terms of income, automatically dismisses any sort of consumption tax in the premise.
Replacing our current system with a national sales tax would produce a major increase in taxes for middle class families
There is no mention of the "prebate", which would more or less offset this imbalance. (Naturally, YMMV.) Of course a national sales tax with no "prebate" would increase taxes for middle class families. Why does that sentence not specifically say "FairTax" instead of "a national sales tax"? I smell a red herring, or at least a carelessness of word choice that adds unnecessary ambiguity.
I have my own gripes about FairTax, but they aren't addressed in that White House response. But I do like a lot of things about FairTax, largely because I would prefer a consumption tax in place of an income tax. The details of consumption tax implementation, whether FairTax or otherwise, are still up for debate.
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no household making over $1 million annually should pay a smaller share of its income in taxes than middle-class families pay
which, by putting requirements in terms of income, automatically dismisses any sort of consumption tax in the premise.
Replacing our current system with a national sales tax would produce a major increase in taxes for middle class families
There is no mention of the "prebate", which would more or less offset this imbalance. (Naturally, YMMV.) Of course a national sales tax with no "prebate" would increase taxes for middle class families. Why does that sentence not specifically say "FairTax" instead of "a national sales tax"? I smell a red herring, or at least a carelessness of word choice that adds unnecessary ambiguity.
I have my own gripes about FairTax, but they aren't addressed in that White House response. But I do like a lot of things about FairTax, largely because I would prefer a consumption tax in place of an income tax. The details of consumption tax implementation, whether FairTax or otherwise, are still up for debate.