debut: 12/26/07
34,544 runs
In reply to Walco
Without referring to it by name, #45/47 wants to implement the FairTax that was tabled back in 2005.
FairTax...
The variation on that FairTax proposal is that instead of the 'fixed' national Sales Tax rate (25% ??), he wants the tariffs effect to be the replacement.
Without referring to it by name, #45/47 wants to implement the FairTax that was tabled back in 2005.
FairTax...
FairTax is a fixed rate sales tax proposal introduced as bill H.R. 25 in the United States Congress every year since 2005. The Fair Tax Act calls for elimination of the Internal Revenue Service[1] and repeal the Sixteenth Amendment to the United States Constitution. H.R. 25 would eliminate all federal income taxes (including the alternative minimum tax, corporate income taxes, and capital gains taxes), payroll taxes (including Social Security and Medicare taxes), gift taxes, and estate taxes, replacing federal taxes with a single consumption tax levied on retail sales.
The variation on that FairTax proposal is that instead of the 'fixed' national Sales Tax rate (25% ??), he wants the tariffs effect to be the replacement.
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