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New chart shows the impact that the proposed 'Fair Tax' law would have...

By: oldCADuser in FFFT | Recommend this post (0)
Thu, 09 Jun 11 2:42 AM | 44 view(s)
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Msg. 29769 of 65535
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There's this new proposal called the 'Fair Tax' plan being tossed around by Republicans which they say will make life easier for everyone concerned since it would simplify the tax codes and make it less complicated to file your taxes every year. Of course, once you actually plot out the impact that this new 'Fair Tax' plan would have on American taxpayers, as shown below broken down by quintiles, you can easily see why it would look so attractive to their supporters and benefactors:

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