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→Criticism: More accurate
*There is no cap on the rate that might be imposed by Congress. Just as current income tax rates change, the initial rate of 23% may be changed over time as Congress desires. However, since there is one rate, it would be difficult to engage in class warfare and pit one economic group against another — Congress would raise or lower the rate on everyone. Every citizen has an interest in keeping the rate low.
*There is no cap on the rate that might be imposed by Congress. Just as current income tax rates change, the initial rate of 23% may be changed over time as Congress desires. However, since there is one rate, it would be difficult to engage in class warfare and pit one economic group against another — Congress would raise or lower the rate on everyone. Every citizen has an interest in keeping the rate low.
*It is argued that the FairTax would benefit the wealthy at the expense of the middle class.
*It is argued that the FairTax would benefit the high income earners at the expense of the middle class.
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==External Links==