Fair Tax proposal good starting point

Our income tax system is extremely complicated and a significant cost on society. It taxes investment and work. The current tax code is approximately 2000 pages in the associated rulings over 9000 pages. 

The minimum tax burden today is estimated to be 32.3%, on incremental income, i.e. working more and making more. This includes income tax, Social Security, tax, Medicare, tax and corporate taxes. Everyone needs understand that corporate taxes are essentially passed on to consumers, workers, and shareholders, essentially taxing them.

There is a proposal to replace the entire IRS income tax with a consumption tax of 23% and offer a cash payment to all households up to the equivalent consumption tax at the poverty level. 

A consumption tax is the most efficient way to tax and economy. 

I support, the concept of a fair tax. 

Proposal:

Consumption tax if 23% of what you spend. 

Provide cash payments to offset consumption tax up to poverty level income/consumption. 

Current:

Income tax minimum 10%

SS tax 12.4%

Medicare tax 2.9%

Corporate tax passed on to customers, workers and shareholders ~7% 

Minimum 32.3% on ALL income

You spend less than you make.

No IRS reduces cost of government

No complicated forms reduces cost of tax prep