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	Name:	4691 -
	Subject:	34%
	Date:	11/10/2010 11:13:47 PM

The revenue generated from the current personal income tax accounts for approximately one-half of the total federal revenue collected from all sources. The Fair Tax on personal consumption must collect enough to equal the total federal revenue as essentially all other taxes are eliminated. Fair Tax proponents believe a Federal Sales Tax of about 23% would replace this revenue and opponents and others claim that the rate could be more like 34%. It sounds simple, but the more I read about it's implementation causes me concern. Just my opinion. I'm skeptical by nature.