ViRedd
New Member
The Left, and their love child, the tax on income, is built upon class warfare. A regressive tax system really isn't their problem ... envy is. As many times that I've pointed out here in the forum that the FAIR Tax is NOT regressive, the guys like Med continue to rail against it and say that it is. The FAIR tax would only apply to purchases of new goods and services. Each person under a certain income level would get a prebate check to cover the taxes they would have to pay on basic necessities during the year. They can spend this money on anything they like ... including crack cocaine and booze if they want to. If a person buys a new Toyota, he/she pays the national sales tax. If a person buys a used Toyota, no tax other than state tax would be due.I fail to see what isn't "progressive" about that, as the person earning the most still pays drastically more.
Some one earning $100,000,000 would pay $5,000,000, and since there would be no deductions/credits they would actually pay the $5 Million.
Here's some info:
http://www.fairtax.org/PDF/ReviewOfTheFairTaxBookKorves.pdf
http://www.jewishworldreview.com/cols/williams121306.php3
http://ebooks.ebookmall.com/title/fair-tax-book-the-boortz-ebooks.htm
Vi