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To: Your Nightmare
Payroll, Social Security and Medicare taxes would be repealed too. You pay a quarter of your income under a FairTax system. Highway robbery? Well under the current income tax, you pay HALF of your income to the government. So with a FairTax that's like a 25% tax cut. You get to keep money you don't spend. What wrong with that? That ought to be the basis of truly fair tax system.

(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
471 posted on 08/04/2005 3:57:26 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: goldstategop
Payroll, Social Security and Medicare taxes would be repealed too. You pay a quarter of your income under a FairTax system. Highway robbery? Well under the current income tax, you pay HALF of your income to the government. So with a FairTax that's like a 25% tax cut. You get to keep money you don't spend. What wrong with that? That ought to be the basis of truly fair tax system.
Right. We'll all be paying 25% less and the government will make the same in revenue. Got it.
474 posted on 08/04/2005 4:06:02 PM PDT by Your Nightmare (The FairTax. The first tax plan with Fanboys.)
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