if it doesn’t CUT TAXES, make taxes less complicated, and it is “revenue neutral” and keeps taking from some taxpayers and giving it to non-tax payers...
what is the point??
The point of the Fairy tax is for businesses to never pay taxes again, and those with a business tax ID number would pay very little either.
Only those that draw a paycheck would pay taxes, and those with money in the bank would be taxed twice.
I think Bortz dreamed this up while he was stoned on something.
The fair tax would be much better than flat tax.
Most are worried about cost of goods increasing but fail to realize the current cost has business taxes and the income taxes of employees of that business buried in the price.
The price of goods would go through a period of adjustment but would probably settle out pretty close to where they are now.
But government’s ability to choose winners and losers would be stopped.
10% Federal flat tax on corporations (currently 35% & highest in world). This 10% rate would attract a huge rush of businesses to locate in US and create jobs.
10% Federal flat tax on individuals
5% State/Local tax (total - they can sort out how much to each)