HR - 25 "Fair" tax bill

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This morning I received an email from my Congressmen regarding the "Fair Tax" bill that he cosponsored HR - 25. While I do not like our current income tax system; this "Fair" tax bill does not seem to be much better. The only real benefit I see is no income tax filing would be required at the Federal level. I personally see a lot of problems with this proposal if it passes and I do not feel that it is really "fair". It benefits people who make little to no income and penalizes people who earn money and then spend that money. It promotes buying "used" which is good for the environment; but not good for jobs. It gives business ZERO taxes - anything purchased for business use is exempt; so only individuals are taxed. Here is the text of the email; so you can tell me what YOU think about this "fair tax" proposal. " Thank you for contacting me regarding our Nation's tax code. I sincerely appreciate the benefit of your views. Our Nation's tax system is fundamentally flawed. The onerous tax burden and the complicated tax code punish all self-sufficient Americans who work, save, travel, purchase, and invest-in fact practically every activity is taxed at some point-which leaves all of us frustrated and struggling to get ahead. Last year, 100% of the income the average American earned from January 1st to April 18th (108 days) went to pay taxes. That equates to 3 hours and 19 minutes of each working day just to pay our tax burden. Furthermore, each year Americans devote 6.4 billion hours complying with the tax code, which is more time than it takes to produce every car, truck and van made in the United States. I am a cosponsor of H.R. 25. I strongly believe Fair Tax reform will unlock individual wealth potential and fairly distribute the tax burden among all members of society. Essentially, the fair tax abolishes the federal income tax system, and replaces it with a consumption tax rate at 23%. The Fair Tax will allow you to keep the 43% of tax from your paycheck (15.3% in payroll taxes, plus an average of 28% for federal income tax) that you currently send to the federal government in Washington. Instead, you pay only a 23% consumption tax each time you purchase a new good or service for your own personal consumption above the federal poverty level. However, if you choose to purchase used goods, used car, used home, and used clothing you do not pay the Fair Tax. Additionally, if, as a business owner, you purchase something strictly for business purposes, you pay no consumption tax. Therefore, in deciding what to purchase, you get to choose whether or not you will pay the federal consumption tax. To ensure that no American will pay tax on necessities, the Fair Tax plan provides a prepaid, monthly rebate for every household to cover the 23% consumption tax spent on necessities up to the federal poverty level. This completely eliminates taxation of the poor, and lowers the tax burden on everyone else. At this 23% rate, the Fair Tax will pay for all current government operations, including Social Security and Medicare. Given that consumption is more constant than income, government revenues will be even more stable than they are now. "