Talk of The Villages Florida - View Single Post - Fair tax. 23 cents tax on every sales purchase. What do you think of it?
Thread: Fair tax. 23 cents tax on every sales purchase. What do you think of it?
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Old 06-27-2008, 01:44 AM
marjean marjean is offline
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Default Re: Fair tax. 23 cents tax on every sales purchase. What do you think of it?
One has to remember that the fair tax will replace federal income taxes (including corporate taxes and capital gains taxes), as well as payroll taxes (including Social Security and Medicare taxes), gift taxes, and real estate taxes, property taxes, gasoline taxes, and scores of other taxes that you now pay for. And if you bought used items, cars, furniture, etc., you don't pay any tax at all on the purchase. Add all these savings up and upgrading to an HD television may not be all that bad.