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Financial Planning / Tax Strategies


Subject:  Re: FairTax Date:  9/27/2012  3:45 PM
Author:  JAFO31 Number:  116687 of 129792

mrgoo: "By no means am I trying to create a political debate what I was curious what folks think of a flat sales tax being sold as a FairTax. For reference check out: "

I am with Peter, the question alone is political.

I think FairTax has multiple problems:

1. It disguises its rate as 23% all inclusive, when it is really a 29.87 sales tax rate.

2. It will require a Constitutional Amendment. no easy task.

3. It is very regressive.

4. It relies on a lot of untested assumptions regarding its revenue neutrality.

Among others.

Regards, JAFO
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