FAIRtax people constantly point out the insidious double taxation that occurs with the income tax. Any time you buy a product or service, a portion of what you pay for that product or service ends up at the IRS as the seller's income tax. So what about products that are in a retailer's inventory prior to implementation of the FAIRtax? Will buyers have to pay the FAIRtax on top of all those embedded costs? Fortunately, the answer is "no". Listen as Jim Bennett explains how the inventory credit provision in the FAIRtax shields retail buyers from this form of double taxation,.
