Quote:
Originally Posted by Decker
Here's an insulting site--I'm sorry for that--which happens to be very accurate in portraying the many shortfalls of the Fair Tax:
http://www.fair-tax.org/
Here's a sample--the inclusive fair tax rate is really at least 30% and not 23%, black markets will grow exponentially, it's a flat tax that will hit the middle and poor classes hard while giving a tax cut to the wealthy.
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How about a 17% GST plus 17% income tax on income over $100,000 with limit of $100,000 of income tax paid?