Friday, July 15, 2011

Do you prefer fair tax, flat tax, or the IRS income tax system we now have in place?

FairTax, with the caveat of making its tax rate 15% instead of the proposed 23%. The current system is just a political tool used to trade favors and buy votes, and a flat income tax is still an income tax. As a consumption tax, the FairTax would not essentially punish people just for earning more money.

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