Skip to comments.Julian Castro cites 90 percent tax on rich in defending Alexandria Ocasio-Cortez on tax hikes
Posted on 01/06/2019 7:10:03 PM PST by E. Pluribus Unum
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A tariff plus the NRST would be the best replacement for the income tax.
I tend to agree. I understand why the authors of the Fair Tax put the prebate in there, but it sort of muddies the whole 'fairness' aspect of the plan.
If you look to statewide sales taxes as a model, they affect everyone in those states equally. There are no concessions or exemptions for any income class, besides the fact that basic foodstuffs are non-taxable. That obviously benefits the poor and lower classes in a very direct say. Not so much for the wealthy.
Still, it's a better means of funding a government than taxing (penalizing) wages, production, and investment.
Sadly, most states also levy an income tax on their residents, which is just wrong.
I think the Framers would vote a hearty "Aye" on that.
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