Subject: Reform to FAIR TAX Comment: Your panel, instead of simplifying the system, is just making it worse. I'm in real estate and just the "adjustment" on home mortgages (interest) over $350K will hurt the market for suppliers, workers and real estate, discourage folks from investing over $350K, lower the property tax base. And, this is just one aspect of your "simplification." The Fair Tax compensates the poor (like me - my income is well below $50,000 most of the time), increases savings and obtains taxes from EVERY PERSON WHO SPENDS MONEY IN U.S., including the crooks, drug dealers, illegals - those millions who don't report their income and more millions who cheat on their income taxes!!! |