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re: I'd be interested to hear everyone's opinions of a national sales tax...
Posted on 1/29/23 at 4:41 pm to slaughlin
Posted on 1/29/23 at 4:41 pm to slaughlin
I think a lot of people have the misconception it wil be like their local sales tax. Like around 10%. But the federal will be ON TOP of your local tax. And will need to be around 30% to have any hope of funding the government i line with what voters demand.
So the combined rate will be running 40-ish% in most places. That presumes FICA taxes stay in place.
Most people dont appreciate how much “the rich” are funding the government. Spreading it out means high rates for A LOT of people that currently pay little to nothing.
Ultimately that’s why it will never have any chance of passing.
So the combined rate will be running 40-ish% in most places. That presumes FICA taxes stay in place.
Most people dont appreciate how much “the rich” are funding the government. Spreading it out means high rates for A LOT of people that currently pay little to nothing.
Ultimately that’s why it will never have any chance of passing.
This post was edited on 1/29/23 at 4:42 pm
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