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The FairTax would eliminate these problems by eliminating payroll taxes, income taxes, estates taxes, gift taxes, capital gains taxes, self-employment taxes and corporate taxes. It would put in place of these many different kinds of taxes a single tax rate collected at the point of purchase.
The current tax system punishes those individuals and families that are working to live the American dream. Those who are progressing in life, gaining more education, increasing in skills and knowledge and therefore are able to work in industries that pay them more money are punished for doing so. Their incomes are taxed, their investments are taxed, and they're even taxed after death...
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