Sure beats the hell out of the doubletalk claptrap that a federal sales tax isn't regressive.
Sure beats the hell out of the doubletalk claptrap that a federal sales tax isn't regressive.
Hmmm, Under the provisions of the Nation Retail Sales Tax described in H.R.25, a family of four, could spend $24,980 per year free of tax because they will have received over the course of the year a demogrant totaling $5,745. $5,745 is the amount of sales tax paid on $24,980 in expenditures.
To illustrate examine the tax burden that a family of four will have at various annual expenditure levels as compared to that same family under the current system: