The Fair Tax is revenueneutral from "summary" of The Fair Tax Book by Neal Boortz,John Linder
The Fair Tax is revenue-neutral, which means that it raises the same amount of revenue as the current tax system. This is an important concept to understand because it dispels the myth that the Fair Tax is a tax cut for the wealthy. In reality, the Fair Tax is designed to be fair for all Americans, regardless of income level. One of the key features of the Fair Tax is that it replaces all federal income taxes with a single national sales tax. This means that every time a consumer makes a purchase, they will pay a tax on that purchase. This may sound like a burden for low-income individuals, but the Fair Tax is designed to offset this by providing a monthly rebate to every household to cover the cost of taxes on essential goods and services. The r...
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