Posted by:
kachunga
at Mon May 17 09:24:26 2010 [ Email Message ] [ Show All Posts by kachunga ]
From what I remember, thats not how the FairTax works. Everything is taxed at a predetermined rate (around 22%). Every household or individual, whichever the case may be, receives a rebate for cost of living expenditures every month. The rebate amount is predetermined by a bunch of smart people who figure out what it would cost to feed and clothe a person. They figure that sometimes you will spend more than the rebate, but most of the time you will spend less, thus encouraging savings. Its actually very fair to poorer individuals in the sense that they get to take home every penny that they earn and are rewarded for being frugal. As they begin to consume more items that are not considered necessary, they pay more in tax.
At least thats the way I remember it. Cant find my FairTax book.
I'm against a value added tax because it really only taxes the end user. All of the ones responsible for a good or service along the way will just increase their price to offset the VAT being applied to them.
I'm against any carbon tax because the two biggest violating countries don't pay any tax and it would unfairly handcuff US industries.
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1.0 Albino American alligator, "Smoke"
1.1 American alligator,"Al Bite Ya & Molly"
1.1 Purple Albino Reticulated Pythons, "Gumbo & Abita"
0.1 Eastern Gaboon Viper, "Gabbie" Recently passed away at 24 years old 
Help me find this snake!
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RE:You should look into the fair tax - kachunga, Mon May 17 09:24:26 2010