To: nate_in_austin
A 23%, single rate, single-stage tax will be applied to the sale of all new consumer goods and services at the final point of consumption. Used items will not be taxed. Business-to-business purchases for the production of goods and services will not be taxed. Most importantly, you will keep 100% of your paycheck; there will be no more income, capital gains, self-employment, gift and corporate taxes. In addition, prices will drop by an estimated 2030% and
all households will receive a monthly rebate check. Under the FairTax, no American will pay taxes on necessities. The rebate will be equivalent to the tax paid on essential goods and services. The rebate will be mailed before the tax is actually paid. The rebate will be paid in equal installments at the beginning of the month. The size of the monthly rebate will be determined by the federal poverty level for a particular household size. (Household is defined here as one or more individuals.)
To: Leaning towards Libertarian
Under the FairTax, no American will pay taxes on necessities. The rebate will be equivalent to the tax paid on essential goods and servicesWhat are my necessities and what do they cost me?
10 posted on
03/05/2004 8:28:38 PM PST by
lewislynn
(The successful globalist employee will be the best educated, working for the lowest possible wage.)
To: Leaning towards Libertarian
all households will receive a monthly rebate check.Which will turn into a welfare check as it is continually driven up (with the tax rate of course) in pursuit of 'fairness' in life.
Why trade the noose for an electric chair?
To: Leaning towards Libertarian
I paid tax on my earnings over the years and saved quite a bit of what was left instead of spending it all. With the national sales tax, I'd now have to pay taxes on the same money AGAIN as I spend it?
18 posted on
03/05/2004 8:36:33 PM PST by
Wissa
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