i am not (prop 13 in Ca rocks), but i know many people who are paying through the **** on property tax.

 

RussB,

Purchaseing a home would be a lot cheaper and this bill doesnt make states or counties change their current tax structure.

All purchases by homebuilders of building materials will be free of consumption tax. Business-to-business sales are not taxed under the FairTax. Moreover, since all producers of these materials will be operating free from income tax and with dramatically lower compliance costs, material (wood, sheet rock, nails, etc.) prices that now contain these costs will fall significantly. This will allow homebuilders to sell their products at lower prices while maintaining their current profit margins.


Research by Dr. Dale Jorgenson, Chairman of the Department of Economics at Harvard University and one of the country’s leading economists, shows that producer costs in the construction industry will decrease in the first year by as much as 25 percent. Economic output in the construction industry during the first year of implementation of the FairTax is expected to increase by more than 50 percent. The huge boom in this industry will be due largely to a significant rise in the demand for all investment goods. Dr. Jorgenson’s research shows that these increases will continue well into the next quarter century with the 25-year outlook still showing a 13 percent increase in output.[2] Info taken from this link http://www.fairtaxvolunteer.org/smart/homebuilders.html.