RE FairTax Fraud: You stated, “It eliminates middle class tax deductions like the mortgage interest deduction.”
The mortgage interest deduction is a deduction from federal income tax liability. Under the FairTax you have NO federal income tax liability. Therefore, to complain that you will lose the mortgage interest deduction under a system in which you don’t pay any federal income tax at all is senseless.
Please go read the FairTax book so that you can make more intelligent criticisms such as, “If we adopt the FairTax and eliminate the income tax system, then people who make their living manipulating the tax system will have to find some other line of work.” That would be an accurate statement.
You could also say, “If we replace the income tax system with the FairTax, then career politicians that have occupied seats in congress for generations will have somewhat greater difficulty playing class envy games with American voters.”
But to lament the loss of deduction when the FairTax would eliminate the very tax from which the deduction would come does not make any sense at all.
