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Top 20% of Income Earners pay 84% of Income Tax

#28

Quote:Sure I see personal burden. What about shops that sell collectible card games. I know from personal experience that is big business with tons of money. Are you saying if I went to buy singles from them (cards pulled from packs) that those would be tax free? If that is the case than I'd be interested to see how much sales tax would be lost based on items no longer being taxable. I bet it's a ton. So much that no state would go for it. 
 

State sales taxes are not changed by the fair tax. 

 

The <b>FairTax</b> is a proposal to reform the federal tax code of the United States. It would replace all federal income taxes(including the alternative minimum taxcorporate income taxes, and capital gains taxes), payroll taxes (including Social Security and Medicare taxes), gift taxes, and estate taxes with a single broad national consumption tax on retail sales. 

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Top 20% of Income Earners pay 84% of Income Tax - by EricC85 - 04-14-2015, 09:11 PM



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