5 ms·
There's also the "fair tax" approach. Everyone pays the same tax, but everyone also gets a check from the govt on the amount of tax they're expected to spend u
by caw 15y ago
There's also the "fair tax" approach. Everyone pays the same tax, but everyone also gets a check from the govt on the amount of tax they're expected to spend up to the poverty level.
The "fair tax" is pitched on the basis of a sales tax. I don't see a reason why this couldn't be off income tax as well.
- bunderbunder 15y agoHmm. That version sounds worse to me. Doesn't it just take the 2-bracket plan, and add a federal mandate that poor people all have to give the federal government an interest-free loan every year?
- caw 15y agoMy idea may be flawed. The real "fair tax" is a pre-bate each month for the sales tax you'll pay in the month. Which in that way is an interest free loan to you.