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re: National Sales Tax - why not?
Posted on 12/3/16 at 12:58 pm to DavidTheGnome
Posted on 12/3/16 at 12:58 pm to DavidTheGnome
quote:
Easy answer is because it's not a progressive tax. The poor spend a higher percent of their earnings on just day to day living so they're in effect taxed at a higher rate. The rich pay a larger actual dollar amount, but a smaller percent.
The Fair Tax addresses this issue. The poor don't pay any tax, whatsoever.
1
Posted on 12/3/16 at 1:07 pm to Jax-Tiger
quote:
The Fair Tax addresses this issue. The poor don't pay any tax, whatsoever.
I'm not very familiar which the proposed mechanics, how does it do this? I'd assume the tax would be taxed at the time of sale so how do they not pay tax on it? The only way I can think of is either they carry around proof of their income with them for every purchase they make or they save receipts for every purchase they make, submit it at the end of the year, and get a refund. Either scenario sounds difficult to implement.
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