30% tax on the purchase of a home while an invester (land lord) doesn’t pay that 30%. Could you afford an extra 30% tacked onto the price of your home?
Why call it the “Fair Tax”? Why not something catchy like “Screw the Seniors Tax”?
I mean if you’re going to cut the taxes 50% for billionaires and tax granny twice on everything, that would be a more honest name for this POS plan!
30% tax on the purchase of a home while an invester (land lord) doesn’t pay that 30%. Could you afford an extra 30% tacked onto the price of your home?
ME: wont i have 30 percent more to spend without an income tax? can i not still shop around?
I actually see an opportunity for a whole new industry here...if an investor purchases a new home for the purpose of investment. He can then sell it to those first-time home buyers and nobody pays taxes on the purchase then...once the investor owns it and then sells it, it’s no longer a new home...it is a used home...:)