...yeah, good idea, BUT...

Doug Patton gives a great pitch for the Fair Tax on the GOPUSA website:

Imagine the magnet for business the United States of America would become without a corporate income tax.

Imagine if the imbedded corporate taxes driving the cost of every product and service you buy were gone.

In fact, imagine if discounts on consumer products offset the cost of all federal taxes, leaving consumers free to save, give and, well, consume.

Just imagine.

Replacing the burdensome federal income tax with a 23 percent (inclusive) national sales tax would give every American taxpayer an immediate pay raise by allowing us all to keep everything we earn. And since approximately 22 percent of the cost of every product and service we buy represents embedded corporate income tax, competition would drive the cost of everything down by an amount almost directly proportionate to the amount of the consumption tax. In other words, the cost of the sales tax would be offset completely by the discounts on virtually everything.

Great idea. I'm all for it. But what's the chance of such a measure actually coming into being?? I believe the statement at the bottom of the piece says it all:

Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA.

And therein lies the problem.

(Filed under Overtaxed)