Fair Tax proposal for tax reform, which is the first time on July 14, 1999. The new tax law, all federal taxes would replace retail sales tax. Payment of 23% of all costs. (For example, the output for every $ 100 that you pay taxes on $ 23). This corresponds to 30% of the traditional sales tax. I’m looking for this topic and found a negative rather than positive aspects.
According to current income tax, reducing personal income tax, per person fell. But if the “fair tax competition,” that no one is going to have one, but two tax rates. Revenue for the first 30% and 2, income tax, how much you spend on the amount. This means that, despite the fact that everyone pays the same sales tax rate of 30%, this rate is only what they consume, rather than income, as income tax. For example, following the consumption of food, clothing, rent, utilities, and pay for health care.
What really makes my taxes are not included in the estate, gift, and includes the proceeds of the Capitol. It is known that many poor people rent apartments and do not. The new tax will be responsible for the rent charged 30% growth, not only, but its benefits. Hard to spend more money than the rich. You will pay more taxes than the rich. Continue reading