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Maybe its time we start considering the Fair Tax plan again. https://en.wikipedia.org/wiki/FairTax https://en.wikipedia.org/wiki/FairTax
by swebs 7y ago
Maybe its time we start considering the Fair Tax plan again.
https://en.wikipedia.org/wiki/FairTax https://en.wikipedia.org/wiki/FairTax
- lonelappde 7y agoLPT: an organization with an opinion in its name is not a trustworthy organization.
- Supermancho 7y ago> an organization with an opinion in its name is not a trustworthy organization TO ME You have a strange life for that to be considered a "tip". I'm usually ok with the Federal Reserve or Green Peace or Humane Society or whatever.
- astrodust 7y agoAh, yes, the "tax the living hell out of the working poor" tax plan.
- swebs 7y agoYou must be thinking of something else. The effective tax rate is negative for the poor due to the basic income provided. https://en.wikipedia.org/wiki/Distribution_of_the_FairTax_burden#Tax_burden_impact https://en.wikipedia.org/wiki/Distribution_of_the_FairTax_bu...
- harimau777 7y agoI'm not seeing that in the page you linked. Is there a specific statistic that you are referring to?
- panopticon 7y agoConsumption is a smaller percentage of wealthy household incomes, and that plan doesn't do anything to address equity or other forms of lucrative wealth generation. I don't agree with that definition of "fair", and I think it would further exacerbate wealth inequality.
- secabeen 7y agoWhy do we need the fair tax plan to create a flat rate, when the graph in this chart shows that the rate is already pretty flat? Today, most people pay between 22 and 28% taxes.