B. Thomas Blair (thomasblair) wrote in thefairtax,
B. Thomas Blair

Tenancy as a service?

Statement: FairTax applies to all goods and services at the "retail level".

Question: Do my lease agreement and subsequent rent payment checks to my landlord constitute a "retail level" service? Would it matter that my apartment has housed previous tenants, or is the "service" of a landlord renting housing to me the point?

I can envision a rather large loophole here, and wonder what you folks think.
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A lease is not a retail service.
Is it then a retail good?

If neither, that leaves a pretty big loophole to exploit.