The Fair Tax Book

*The FairTax Book* advocates for replacing the current federal income, payroll, estate, and gift taxes with a single national consumption tax called the FairTax. Essentially, it would collect taxes only when goods and services are purchased, not on income or savings. The idea is to simplify the tax system, eliminate tax penalties on work and saving, and promote economic growth. The proposed rate is around 23%, but it would be hidden in the price of goods and services, making taxes more transparent and encouraging spending and investment. The authors argue this approach would be fairer and more efficient.