"Dennis, there are two areas that you are mistaken on.
1. You will not have to pay the FairTax on the supplies you need for repairs. As a 'Rental Business', those costs should be untaxed.
4. You should not have to pay the FairTax on the…"
"What would prevent the government from taxing used goods under the FairTax?
The same thing that keeps the government from taxing "home mortgage interest" and "charitable deductions" under the Income tax.
"Why is real property included as taxable?"
The short answer would be that there are no taxes paid on the materials, supplies or labor used in the construction of a new house, unlike what you have today under…"
In my opinion, if you want rampant fraud and abuse of the FairTax system, include taxing used items with the FairTax.
Used items are included in the FairTax, especially with big ticket items like cars and houses, the only difference is…"
Let's say that $200,000 new house is a 3 bedroom, 2 1/2 bath, 2500 sq. ft house on a 1/2 acre lot. It is going to list for $260,000. Across the street you have an almost identical house that someone bought a year before and need to sell.…"
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