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To: Beagle8U
Have any of you read the full, so called, fairtax plan? I debated the plan on another website a few months ago. ANYone making under 200k would take it up the A$$.

It's obvious that you have either failed to read, or comprehend, the plan. Because of the "prebate" (FCA), the NRST would actually be progressive based on spending (not income) -- retail spending at the poverty line would yield and effective tax rate of 0%, twice the poverty line would yield an effective rate of the NRST rate times one-half, etc., according to the formula:

Where:
41 posted on 09/08/2005 6:21:17 AM PDT by kevkrom ("Political looters" should be shot on sight)
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To: kevkrom

The "so called" poverty level is what screws up the math on how it effects everyone.

My Mother is 80 yrs. old, gets about 18k in SS and a small retirement. She pays zero in taxes now, but it takes every dime of her 18k just to scrape by now. After the pre-bate is figured in, she would be taxed 23% on aprox 6k. thats money she dont have.

Also; anyone that has saved some of their "aftertax" money now, would get to pay taxs AGAIN when they spend it.


45 posted on 09/08/2005 6:35:23 AM PDT by Beagle8U
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