Quote:
Originally Posted by Ignignokt
That would be catastrophic. You would basically create a situation where people had to pay 22% more for a new house, thus creating a situation where there would be a HUGE disincentive to new home building.
And how do you even define "one time tax?" What about the 2x4s and paint and all the other supplies that go into building a home? I would assume those are taxed. Are you taxing them twice when you tax the new home? At what point does something become greater than the sum of its already-taxed parts so it is OK to tax again?
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That is false. You should actually read about the FairTax before commenting because this statement is false. You would not pay 22% more for anything.