Last weekend was the Tea Party Patriots American Policy Summit. Obviously, one of the event topics was taxation, and both the FairTax and Flat Tax proposals were discussed. The FairTax is consumption based (sales tax) and offers a monthly rebate to all households where as the Flat Tax is one flat rate (one tax bracket only) on excess income.
During the summit, a “straw poll” was taken. According to Fair Tax Nation, the FairTax was favored with 52% of the votes. The Flat Tax received 15% of the votes.