Summary of The Fair Tax Book

"The Fair Tax Book" is a book written by Neal Boortz and Congressman John Linder that outlines their proposal for a national sales tax system in the United States. The book argues that the current income tax system is overly complex, inefficient, and unfair, and proposes replacing it with a consumption tax system known as the FairTax. The FairTax would eliminate all federal income taxes, including payroll taxes, and replace them with a single national sales tax on new goods and services. The book argues that this system would be simpler, more transparent, and more conducive to economic growth than the current income tax system. The authors also address common criticisms and misconceptions about the FairTax, such as concerns about its impact on lower-income individuals and its feasibility in practice. They argue that the FairTax would be progressive, as it includes a "prebate" to ensure that lower-income individuals are not unfairly burdened by the tax. Overall, "The Fair Tax Book" presents a detailed argument in favor of replacing the current income tax system with a national sales tax, and provides readers with a comprehensive overview of how the FairTax would work and its potential benefits.