<div class='quotetop'>QUOTE (Dagny D.E.W. @ Mar 4 2009, 02:22 PM) <{POST_SNAPBACK}></div>To understand the Fair tax bs you have to understand that it has similiar Progressive and Regressive features. As somebody said earlier, you can dress up a pig but it's still a pig.sounds like slavery to me.
the FairTax would be fair to all.
and we would not have to have all these discussions about repressive/progressive, what and who and when and we could instead be spending our time hobbying.[/b]
http://en.wikipedia.org/wiki/FairTax
The effective tax rate for a family household would be variable due to the fixed monthly tax rebates. The rebates would have the greatest effect at low spending levels, where they could lower a household's effective rate to zero or a negative rate.[31] At higher spending levels, the rebate has less effect, and a household's effective tax rate would approach 23 percent of total spending. For example, a household of three persons spending $30,000 a year on taxable items would devote about 6 percent of total spending to the FairTax after the rebate. A household spending $125,000 on taxable items would spend around 19 percent on the FairTax.[4] The lowest effective tax rate under the FairTax could be negative due to the rebate. This could occur when a household spends less and pays less in taxes than the average poverty level spending for a similar household size. The household's rebate would exceed actual taxes paid by that household. Buying or otherwise receiving used items can also contribute towards a lower rate. The total amount of spending and the proportion of spending allocated to taxable items would determine a household's effective tax rate.[31]
