AaronSw, edited by shomas, daveilers, Upgrade, and Jim Gilliam
FairTax as written proposes a 30% sales tax on all purchases. But with a sales tax so high, lots of people will try to get out of paying it. That's why the nonpartisan Brookings Institution estimates that with enforcement it will have to be a 65% tax, Congress's tax experts say 57%, and the Treasury Department says 89%. Whichever it is, it's ridiculously high.
<p>FairTax as written proposes a 30% sales tax on all purchases. But with a sales tax so high, lots of people will try to get out of paying it. That’s why the nonpartisan Brookings Institution estimates that with enforcement it will have to be a 65% tax, Congress’s tax experts say 57%, and the Treasury Department says 89%. Whichever it is, it’s ridiculously high.</p>
2008-11-23T12:53:19-08:00
26
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Would create a 30% to 89% sales tax on all purchases
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763
2009-02-13T15:10:48-08:00
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published
126
2010-01-31T03:13:01-08:00
321
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http://www.factcheck.org/taxes/unspinning_the_fairtax.html
Taxes
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431
2008-11-14T16:10:47-08:00
679
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431
40
6248
763
false
Replace the federal income tax with the FairTax
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-1
112
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1
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1
0
1
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1
0
7
163800
http://is.gd/1tBUr
published
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32
5817
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2010-01-29T00:23:17-08:00
1378