Fair Tax

Dave explains the fair tax concept that's been floating around politics and the radio for awhile.

QUESTION: Michael asks Dave what the fair tax is. He saw a politician talking about it.

ANSWER: The fair tax is a sales tax on the national level. The concept has been around a while. The idea is to do away with the IRS and the income tax completely. You pay taxes on what you buy. However, don’t believe any politician who looks at you and say they are going to change your life. It won’t happen.