[ale] OT fairtax isn't

[Greg Freemyer]

On 3/16/07, Matt Kubilus <mattkubilus at gmail.com> wrote:
> On 3/16/07, Jeff Lightner <jlightner at water.com> wrote:
> > Well we'll have to agree to disagree.
> >
> > Confusing because of "prebates".   I don't see the need.  If you only
> > make $1000 a year you pay significantly less than someone making
> > $1,000,000.
> >
>
> But the tax for the person making $1000 is going to reduce the ability
> of the destitute to buy bread, whereas tax on the person making
> $1,000,000 reduces their ability to buy a 17th BMW.  It's a question
> of what is just in a society.  Do citizens have a basic right to the
> necessities of life in the wealthiest nation in the world, or do
> citizens have the right to sit on 'their' pile of cash and watch the
> nations infrastructure crumble around them.
>
> What has anyone figured that this sales tax economy will cost per
> dollar.  Tennessee (no state income tax) has a %9.75 tax on all goods,
> food or BMW.  Georgia income tax is about a fourth of the state income
> tax, so round about %50 on all goods.  That's going to be some
> expensive milk and cheese, let me tell you.

IIRC, it is about 22% for the Feds, but with low-income people getting
a prebate equal to 22% of their income, so they effectively continue
to not pay taxes.

Greg
-- 
Greg Freemyer
The Norcross Group
Forensics for the 21st Century