No, not spin.
You calculate tax as inclusive or exclusive. An income tax is exclusive. A sales tax is exclusive.
The term reflect if the tax is included in the base amount or not included. Income Tax the base amount is gross wages, which you taxes are included as a portion. FairTax/Sales Tax the gross amount is the cost of the items/service being purchased.
If you are talking in terms of an income tax, then it is calculated inclusive and thus 23%. Because in an income
If you are talking in terms of a FairTax/sales tax, then it is exclusive and thus 30%.(Which is how all states level sales taxes are calculated and stated to customers)
Since it replaced the income tax it rate would be calculated at the inclusive rate of 23%.
There is no spin, except in the minds of those against the FairTax.
The FairTax isn’t perfect, however it is the best proposal to date. Also, it does away with the income tax which as we are seeing is draconian and punitive in its progressiveness. A flat tax does not change the income tax, if one cares to remember when it was legislated in 1913 it was a flat tax.
were you alive back then?
thought so..
The major gain of the Fair Tax is the repeal of the 16th Amendment and the disbanding of the IRS Gestapo. Look at how much of the collected taxes is used by the IRS itself before any of the money gets go the ends that it is supposed to. Previous discussions on this forum have proposed that the IRS uses 30% or more of collections just to maintain itself. The IRS is a cancer on the American People and must be done away with.