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45% of Americans pay no federal income tax

#78

Quote:I mean, I can see the attractiveness of the fair tax. But I've read an article in Forbes that brings up concerns...


For instance, the fair tax that Cruz would implement would create huge multi trillion dollar deficits.


Revenue would completely dry up with this type of tax plan. So the argument that we'd still support the poor and underpaid seems unrealistic.


Especially when there are people that have been brain washed to despise the working class that is below them, it would appear that a fair tax would result in major cuts to social programs.


And like I said, the deficits that Forbes was talking about were astronomical. It just sounds fiscally unattainable to me.


Your confusing the flat Tax and the fair tax. Cruz supports the flat Tax which means everyone pays the same rate, there's still the eic and child tax credit but everyone pays a "flat" percentage. I don't really care for the flat Tax but its something.


The fair tax eliminates the FICA, Medicare, Medicaid, and all other federal taxes with a consumption tax. Income is not taxed at the federal level with the fair tax, rand Paul and Neil bortz are two big supporters of the fair tax. Currently no one running is going to implement the fair tax but I just wanted to point out the fair tax and flat Tax are very different plans. One tweaks the tax code the other replaces the tax code.
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45% of Americans pay no federal income tax - by EricC85 - 04-20-2016, 02:49 PM



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