Quote:
Originally Posted by Proveone
Wrong! Fair tax refers to billionaires, who some pay little to no taxes, to some corporations who pay 8 %, when someone who earns $11,000 a year pays 10%. $44,000 to $95,000 pay 22%. Fair tax means billionaires and corporations should pay what the rest of us pay proportionately. The national debt should be paid buy the billionaires, who received tax breaks, and the people who passed the tax breaks. Stop parroting what you hear on unreliable sources.
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The reason for tax deduction is that the deductions represent money spend that benefits the economy, businesses and corporations make huge outlays of money to run and expand their businesses, business create wealth by creating something of value you are willing to pay for, if you save , invest take advantage of the 401s IRAs you are contributing to the economy as well as yourself , people like Bill Gates, Steve Jobs, Jeff Bezos have amassed huge fortunes but have by their efforts made everyone much wealthier