Wolfgang Peleschka, the management chief of Intermountain's materials, said the hospital chain hoped to eventually save $250,000 a year under the new system.

The Pennsylvania College Credit Transfer System reported in 2009, that students saved nearly $35.4 million by having their transferred credits count towards a degree under the new system.

He expects Creative Artists to save 20 percent under the new system.

When individuals spend above the poverty level with money saved under the current system, that spending would be subject to the FairTax.