after reading add additional information The Fair Tax Act is about allowing taxpayers to no longer be taxed on how much they make or income but rather on how much they consume or spend. While the concept has been around since 1995, it's still worth considering the benefits, pros, and cons. Income tax started during the Civil War and has not changed since. The articles describe several breakdowns of what this would look like with examples. The takeaway for me is that I can recoup, if you will, the money that was taxed typically, for example, if I was taxed 24,000 every year from my salary. I get to keep that 24k and save it, invest it, or even spend it. It's up to me to decide what to do with it