What will we experience in the transition from the income tax to the FairTax?
Everyone will have to think about taxes in a different way. Income what we earn will no longer have to be documented, measured and kept-track-of for tax purposes. The only relevant measure of our tax liability will be the amount we choose to spend on final, discretionary consumption. Tax-related issues will suddenly be a lot simpler and more straightforward than they used to be. The aggravation and anxiety associated with April 15th will disappear forever after passage of the FairTax. The FairTax is not new; most Americans come into contact with such taxes daily, since 45 states currently use them to collect state revenues. It is easier to switch from an income tax to the FairTax system than it is to switch from gallons to liters, or from feet to meters! Of course, those who depend on the structure and complexity of our current system (e.g., tax lobbyists, tax preparers, and tax shelter promoters) will have to find more productive economic pursuits. However, everyone will have enough a
