After the first time trying to prepare and file personal taxes, most Americans learn the same lesson: The American tax system is complex and difficult to understand. Many people also feel that corporations, wealthy individuals and families, and special interest groups have unfair access to loopholes and exemptions that help them avoid paying their “fair share.”
One system that has gained a following in recent years is called the Fair Tax Plan. Simply put, this plan would replace the federal income tax system with a flat national sales tax. Proponents believe this initiative would eliminate loopholes, evenly spread the tax burden, and eliminate hassle without diminishing federal tax revenues.