Keista, actually, from what I understand... the Fair Tax is based on a simple premise - those who have money, spend it on - yachts, mansions, Ferraris, etc. Those who don't buy small houses, Fords or Chevys, and if they're lucky one year they get to go out on a boat at some lake. Or rent a canoe.
Tax is proportionate.
PLUS - for those earning less than "middle class", there is a monthly "prebate" - a check that comes in, based on earnings; this helps out.
Now - the national sales tax would be 23% - BUT - no payroll tax. And prices would necessarily drop for basic items (bread, fruit, meat, dairy), and maybe go up for non-basic (pop, cigarettes, liquor, candy).
I don't think taxing what I EARN is fair, considering then they turn around and tax what I spend. Plus, with a Fair Tax - no more breaks, loopholes, corporate yada yada. No more impossible rules and no more filing once a year to pay or get back the money they shouldn't have had in the first place.
Yeah, I've done research...
Then again, I could be wrong. But this is how it is presented and I got it...