Posted on 01/21/2014 7:30:26 AM PST by Kaslin
Sorry, my reply was intended for another poster.
I agree with your second paragraph though. I’m all for a flat tax. I’m not on board with a Fair Tax until I would know how the transition would happen - would savers who got taxed as they saved then get taxed also as they spent?
NP, I do it all the time :)
The F.T., which is my 90% solution (currently), does has its flaws: No need to be 22% if we followed A1S8; no ‘prebate’ (’poor’ still need to pay for services); etc.
RE: Savers (still on the F.T.): Savings would only be taxed ONCE (upon any NEW purchase...another idea I love), since there would be no double-taxing (like today) [IE: the paycheck]
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