Quote:
Originally posted by KSig RC
I would pay considerably more.
|
OK, the Fair Tax proposal is about 23% or less.
Currently, you pay a min. 15% in income tax, plus another 15% FICA/Medicare (employee/employer shares). You're currently playing at least 30%.
If the Fair Tax goes, each month you get a check equal to 23% of the minimum cost of living. If the minimum cost of living is set at $2,000/mo., your check is at least $460.
The selling point of the Fair Tax is the big spenders pay more (perhaps you are one) and little spenders pay less.
Threaded Mode