I just read Mike Dickson's letter (Accounting Today, Nov. 28-Dec. 18, 2005, page 7). My concerns are three-fold.First, making the poor pay the tax up front and then at a later date refunding their money: Some of these poor don't even file now, wouldn't have a clue how to file and may not file for the refund to which they are entitled, even if a free filing service is offered to them. The bottom line is that the poor will get poorer.
Second, it sounds like rather than the many collection points for collecting payroll taxes today, the FairTax would put the collection in the hands of fewer collection places, more specifically retailers. I'm sorry, but that seems like a lot of cash being made available to thieves. How do you go about collecting money from clever folks who'll have the money overseas before the government collection people even get wind of the theft? It sounds like we'd be putting the fox in the hen house.
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