> 10% federal tax.. all income, no deductions, no credits. I'd save a lot of money under a system like that, but you'll hear a lot of arguments about it not being progressive or fair to low-income earners (who, as a percentage, may end up paying more than they are now). You'll get that argument on any flat tax, Fairtax included, though they Fairtax has provisions for refunding a portion to offset that (it's been a while since I dug into the details of that).
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