FairTax


 * FairTax
 * A proposal to establish a retail-only level, national sales tax in lieu of federal personal income tax. The tax rates proposed by this plan are initially above 23%, and are levied only at the retail level. Distributors, manufacturers, and middle-men are exempt. This plan does not affect local or state taxes, nor does it impose any limit on the amount tax at the federal level. It does not repeal the 16th amendment.