Some of you guys are as bad as Obama supporters. You really think that considering we're 15 trillion in debt RP can just wave a magic wand and we'll have no income tax or any tax at all? You are occupying a fantasy land and its pure idealism.
Is there any provision in the FairTax bill to prevent both an income tax and a sales tax?
The short answer is that there is no provision in the FairTax bill (HR 25) that would prevent having a national sales tax and the income tax. However, the FairTax legislation does three things that...
You eventually decrease it by bringing the rate down. It brings transparency to government and gets rid the loopholes. Ron Paul has already stated he supports the Fair Tax. I don't understand how people that are advocates of personal liberty and limited government could be against the Fair Tax
I know the FairTax rate is 23 percent when compared to current income and Social Security rate quotes. What is the rate of the sales tax at the retail counter?
30 percent. This issue is often confusing, so we explain more here.
When income tax rates are quoted, economists call that a...
How does the FairTax help seniors who have paid taxes on their retirement savings or invested in Roth IRAs?
Simply put, the FairTax is a revenue-neutral proposal, raising no more money than does the current system. The FairTax only changes where the money is raised, not the amount...
What is the FairTax plan?
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level...
What is the FairTax plan?
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level...