If I was to enact a new tax system to replace the current one, I would prefer the fair tax system. The fair tax system would simply eliminate loopholes and evenly spread the tax burden among citizens of the US, without diminishing federal tax revenues. This system suggests that the government should institute national sales tax on most purchased items; businesses would then collect this tax and send it to the federal government. Using this system means that taxes would only apply once at the point of a purchase on a new good or service for one’s own personal consumption and prevents the federal government from collecting many different taxes which includes income taxes, Medicare tax, Medicaid, Social Security, etc. The fair tax system would