Silent H writes:
Or will big companies, because they need to buy so many things (assuming they stay inside the US), get rebates just like poor people?
The tax is only on retail sales. From
Nem's own source:
Exports and the purchase of intermediate business sales would not be taxed, nor would savings, investments, or education tuition expenses as they would be considered an investment (rather than final consumption).
However...
Personal services such as health care, legal services, financial services, haircuts, and auto repairs would be subject to the FairTax, as would renting apartments and other real property.
So it is a complete rape of the US citizen and about the biggest windfall ever seen by business.
Silent H writes:
Well, I suppose that's where it will all be made soon anyway.
Nah, made here, exported tax free and then purchased overseas.
Immigration has been a problem
Since 1607!