Gruss Gott <grussg...@gmail.com> wrote: > All of sudden to them, life just got 15-20% more expensive! That's a > MAJOR life hit. They might have to choose between paying mortgage and > having their kids get, say, math tutoring. > > Thus when you COMPARE tax burden of the middle class (and others!) > suddenly the "Fair" Tax looks pretty fecking unfair and pretty fecking > regressive. >
In fact, look at it this way: (1.) Let's say the Fair Tax is 20% (2.) That family of 4 making $50,000/yr is probably living check to check. In other words they're spending $50,000/yr and getting hit with a 20% tax. (3.) Then there a childless married couple - both attorneys - and they're making $350,000/yr and they also spend $50,000. They pay $10,000 in taxes making their rate effectively 3%. And, of course, it doesn't matter if you adjust for the poverty line, food/clothes exemption, etc because the Fair Tax is fair! Wow. The look how those tax burdens have completely flip-flopped. That's not just regressive, it's a poverty make ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340171 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
