so are the people here familiar with the fairtax act? look up fairtax.org and discuss.
Name:
Anonymous2006-03-12 2:04
the working class pays income tax, and embedded taxes on goods, the rich have special interest deductions, and workarounds lightening thier tax load.
Ah, that's a valid point. So why not eliminate deductions instead then?
the fairtax hits you harder the more you spend, not harder the more you earn.
Yes, I am aware of that. This makes me think it'll only benefit the rich, because the middle and lower classes are already barely savings anything. For them it's money in = money out; thus commutativity.
Until someone can explain away the equations I've provided, I'm not convinced.