People are frustrated by America's tax system. This may well be the time that we the peope can make significant changes.
The so-called "Fair Tax" has been proposed for years. As a retired "Wall St." tax lawyer/CPA, I studied it extensively. Please find my 2 page Executive Summary pdf uploaded with this blog.
The subject has come up again in that several States are considering a State version of th Fair Tax. While it is conceivable that a State Fair Tax might work, we must understand how the federal Fair Tax works in order to understand how it might affect the operation of a State fair Tax.
One cannot understand how the federal Fair Tax works by listening to a few sales talks - it is a complete tax system with deep implications intended to replace the Individual and Cororate Income Taxes, the Payroll Taxes and the Estate & Gift tax (target revenue, about $2.3T)- my Executive Summary is a good place to start