Quote:
Originally Posted by chadrcr
It should definitely be simpler... go to the fair tax web site ( link thru Mike Huckebees site) put in your info see if it works for you...or against you.
The consumption tax, taxes 100% of poor peoples income. ( they spend it all to exist) and can only tax the richest peoples income by a small percent, if they do not buy yachts and houses every year...
Flat tax is the closest thing to fair...
my .03 cents (inflation)
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Don't forget about the prebate checks that will be issued monthly to every household which is based on dependants.
Here's a link to an article that answers this question. Remember that the cost of all goods will go down and the Net income will go up for all wage earners. Plus if you buy preowned products, as most lower income families already do, you will pay no tax at all. So, the benefits are across the board. The calculatore doesn't adequetly capture buying used versus new imo.
http://www.fairtax.net/14.htm Info. on Prebate Checks.
http://www.fairtax.net/15.htm Info. on Benefits to Low Income.