FairTax Fact of the day 11-Dec-2007

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December 11, 2007 06:00 PM

Rayj00

Member Since:
March 29, 2007

Does the FairTax rate need to be much higher to be revenue neutral?

The proper tax rate has been carefully worked out; 23 percent does the job of: (1) raising the same amount of federal funds as are raised by the current system, (2) paying the universal rebate, and (3) paying the collection fees to retailers and state governments. Unlike some other proposals, this rate has been independently confirmed by several different, nonpartisan institutions across the country. Detailed calculations are available from FairTax.org.

Rayj
First you're born, you pay taxes, you die.
Then your next of kin has to pay more taxes
on your funeral! How fair is that?

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FairTax Fact of the day 11-Dec-2007

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