What does that have to do with this? Why can't we elect a black man, a woman, a hispanic, an asian, a white guy, etc. because they're the right person for the job?
I'm for the fair tax plan. But,it will never pass. Why? It is too simple.Our politicians have to make everything real complicated and full of loop-holes. Also, as the saying goes, the more one makes, the more one spends. Politicians don't like this.
It's not really debateable, the numbers show (including supporters' own research, see links) that this tax would raise the taxes of the middle classes while lowering the taxes of the wealthy tremendously (sources: CBO, Table 1A, tinyurl 3gudvf, and fairtaxorg/BHI, Table 9, tiny 67cyeq
This gets to the root of the "embedded" taxes falsehood-- those "embedded" taxes are removals from different persons' INCOME, at different levels... and if all those those removals are instead given to the earner, the rich qet back 30%+ while the lower middle gets back 12%+, and prices go up 15-25%.
The middle class (and senior citizens living on savings, and churches/religious groups, and not-for-profits, et cetera) would be devastated.
This gets to the root of the "embedded" taxes falsehood-- those "embedded" taxes are removals from different persons' INCOME, at different levels... and if all those those removals are instead given to the earner, the rich qet back 30%+ while the lower middle gets back 12%+, and prices go up 15-25%.
The middle class (and senior citizens living on savings, and churches/religious groups, and not-for-profits, et cetera) would be devastated.
1ST Quintile: 5.7%
2nd: 12.3%
3rd: 15.9%
4th: 20%
Top: 26.5%
Top 1% : 30.9%
Even with the prebate, the "Fair" Tax hammers the middle class, not-for-profits, religious groups, and senior citizens living on savings
The middle class (and senior citizens living on savings, and churches/religious groups, and not-for-profits, et cetera) would be devastated.
The "Fair" Tax is FAIL.
1ST Quintile: 5.7%
2nd: 12.3%
3rd: 15.9%
4th: 20%
Top: 26.5%
Top 1% : 30.9%
Even with the prebate, the "Fair" Tax hammers the middle class, not-for-profits, religious groups, and senior citizens living on savings.
The middle class (and senior citizens living on savings, and churches/religious groups, and not-for-profits, et cetera) would be devastated.
The "Fair" Tax is FAIL.