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Unspinning the FairTax: "With the prebate program in effect, those earning less than $15,000 per year would see their share of the federal tax burden drop from
by saulktalk 14y ago
Unspinning the FairTax:
"With the prebate program in effect, those earning less than $15,000 per year would see their share of the federal tax burden drop from -0.7 percent to -6.3 percent. Of course, if the poorest Americans are paying less under the FairTax plan, then someone else pays more. As it turns out, according to the Treasury Department, “someone else” is everybody earning between $15,000 and $200,000 per year." [1]
No thanks.
[1] http://www.factcheck.org/taxes/unspinning_the_fairtax.html http://www.factcheck.org/taxes/unspinning_the_fairtax.html