View Single Post
  #18 (permalink)  
Old 07-10-2008, 11:54 AM
A Voice of Sanity A Voice of Sanity is offline
Correspondent
 
Join Date: Jun 2008
Posts: 270
A Voice of Sanity has a spectacular aura aboutA Voice of Sanity has a spectacular aura aboutA Voice of Sanity has a spectacular aura about
Credits: 1,408
Default

Quote:
Originally Posted by Decker View Post
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.
How about a 17% GST plus 17% income tax on income over $100,000 with limit of $100,000 of income tax paid?
Reply With Quote