Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Willie Green

"The NRST is an inherently regressive form of taxation"

Absolutely.


9 posted on 01/06/2005 2:03:09 PM PST by SAR
[ Post Reply | Private Reply | To 5 | View Replies ]


To: SAR

"The NRST is an inherently regressive form of taxation"

Absolutely.

Even a stopped clock is sometime correct, in this case though the clock has lost its hands all together:

To illustrate the tax burden that a family of four will have at various annual expenditure levels of the NRST as compared to that same family under the current tax law, (NRST Expenditure = income; 2004 individual income tax on wages plus FICA/MC taxes, standard deduction, personal exemptions,child credits, and EITC):

 

If you do not see the graph, click here

H.R.25 "The FairTax Act

14 posted on 01/06/2005 2:18:39 PM PST by ancient_geezer (Don't reform it, Replace it!!)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson