Hydro Gen > Gentlemen - with ALL due respect I do not think either of you have put forth the required effort to fully understand HOW the FAIR TAX plan would work.
Sorry Hydro,
But I don't think you've contemplated politicians
and their thieving ways.
>> It is a PROGRESSIVE TAX. >>
Yes, progressively worse for the poor folks who have to spend every
nickel they make.
>> BUSINESS PURCHASES ARE NOT TAXABLE. >>
Oh, yes, I can see tens of thousands of small businesses buying
everything they need for their houses with their business
accounts - evading the tax man.
>> INCREASES the TAX BASE from 155 million people to 250 million people. >>
I believe there was something about a 'tax rebate' in what you posted?
>> NO CAPITAL GAINS TAXES. >>
Let me see . . in my income bracket looks my long term capital gains
tax rate is 15% . . . and your new tax scam is going to tax me at
23% . . . Gee thanks.
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