The FairTax, Join in!

[Final-Fan]

Eomund said:

Final-Fan said:

Final-Fan said:

FactCheck.org is about as neutral and accurate as they come. Here's what they have to say about the FairTax:

http://www.factcheck.org/taxes/unspinning_the_fairtax.html



This is the Treasury Department's graph of who will pay what percentage of tax revenue under the FairTax as opposed to current tax law. Notice how everyone is actually paying MORE except for the extremely poor and very rich?

 Ok, the tax plan they used in this graph was the HR25 aka the FairTax. It was a modified version. They excluded items from the FairTax and therefore had to raise the rate of the FairTax making this chart invalid.

The fact remains that earners making $15k and less and earners $200k and up are better off than everyone in the middle. This basic trend WILL NOT change unless you change the rules to charge rich folks more in taxes, which [edit3: defeat the purpose of] the FairTax. [edit: Oh, and what were those excluded items? [edit2: I hope they weren't things like "food" that poorer people spend a much larger share of their incomes on because that would totally destroy your point.] While you're at it, please refute the criticisms leveled by the good people of FactCheck.org in their article. [edit2: Such as assuming 100% compliance instead of the (estimated) current 85%.]]