Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bigbob

The FairTax is a horrible idea. What’s to prevent future congresses from increasing the FairTax rate to 10,000%?

/sarc


10 posted on 10/12/2011 9:03:16 PM PDT by kevao
[ Post Reply | Private Reply | To 3 | View Replies ]


To: kevao
The FairTax is a horrible idea. What’s to prevent future congresses from increasing the FairTax rate to 10,000%?

Since there is no cap on "incluse tax" the correct answer to your specific question is 'nothing'. 50% TRUE tax=100% "inclusive tax", and 100%=infinity. Whatever a 10,000% tax would be is in there somewhere.

54 posted on 10/12/2011 10:50:59 PM PDT by Brass Lamp
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson