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To: SAR

"The NRST is an inherently regressive form of taxation"

Absolutely.

Even a stopped clock is sometime correct, in this case though the clock has lost its hands all together:

To illustrate the tax burden that a family of four will have at various annual expenditure levels of the NRST as compared to that same family under the current tax law, (NRST Expenditure = income; 2004 individual income tax on wages plus FICA/MC taxes, standard deduction, personal exemptions,child credits, and EITC):

 

If you do not see the graph, click here

H.R.25 "The FairTax Act

14 posted on 01/06/2005 2:18:39 PM PST by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer; Your Nightmare
Linder on Tuesday reintroduced legislation to create the national sales tax.

That must be the bill with that new up to date rate we've been hearing about...Is it?

45 posted on 01/06/2005 3:19:43 PM PST by lewislynn (The meaning of life can be described in one word...Grandchildren)
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