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To: Man50D

NO FAIR TAX! FLAT TAX ONLY!


17 posted on 07/21/2010 5:39:46 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine
NO FAIR TAX! FLAT TAX ONLY!

The Fair Tax is a flat tax but on consumption instead of productivity. Our current income tax code began as a flat income tax when the 16th Amendment was enacted in 1913. A 1% tax was imposed on the first $20,000 of income and 7% on income over $500,000. Less than 1% of the population earned more than $500,000 of income in 1913 making it essentially a flat income tax. A flat income tax will also keep the IRS in existence along with its court system that presumes a person guilty until proven innocent. All that goes away with The Fair Tax.
21 posted on 07/21/2010 5:44:08 AM PDT by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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