I think I know what some of the pricipals of fairtax are. However correct me if I am wrong.

As I understand it, fair tax, taxes a certian percentage of all income of all people and buisnesses. So if you earn $1 per day, or $1 Billion per day, the fair tax would tax the same percetage from each. Say 28% like it is now if you don't claim any exemptions.

Now that is as I understand it, of course I could be WAY off base.

V/R
ID