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To: avacado
Yipes! Say NO to fair tax! It's a regressive tax.

The Fair Tax is progressive. Consumption tax increases as the level income increases Fair Tax FAQ #49.

We need a flat tax.

Our current income tax started was essentially s flat tax. at the time the income tax was enacted in 1913. The first tax ranged from merely 1% on the first $20,000 of taxable income and was only 7% on incomes above $500,000. Approximately only 2% of the population, counting both taxpayers and their dependents, was required to file returns. Today, more than 80% of the population is under the income tax.

Passing another flat tax will only result in another corrupt tax system enforced by the oppressive IRS.

14 posted on 08/12/2006 6:34:05 AM PDT by Man50D (Fair Tax You earn it . You keep it!)
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To: Man50D

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The Fair Tax is progressive. Consumption tax increases as the level income increases Fair Tax FAQ #49.
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No, it's regressive.

If you make $10,000 per year and I make $100,000 per year and we both buy a boat for $1,000 at say, 10% tax then we both pay $100.

That $100 is only 0.1% of my income and 1.0% of your income. That's a regressive tax system.

We need a flat tax.


18 posted on 08/12/2006 6:37:56 AM PDT by avacado
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