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| Subject: Re: FairTax | Date: 9/27/2012 6:37 PM | |
| Author: billjam | Number: 116696 of 120458 | |
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Wonderful idea if you've already made your multi-million dollar fortune or inherited it. All flat tax proposals I've seen exempt interest, diviidends and capital gains. The woriking guy getting along mostly on wages still pays. And a national sales tax really hits the poor and middle class hard. Proponents say they would rebate money to those below a certain income level. We don't replace the IRS with such proposals, we just change their function. I might support a flat tax that covered ALL income but not the proposals I've seen put forward by Steve Forbes and others who get most of the income from investments. |
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