@joefromchicago,
joefromchicago wrote:
H2O MAN wrote:(2) Unlike the flat--uniform--income tax, The FairTax plan is 100% fair because everyone is taxed the same rate on purchases.
Why is a uniform tax on purchases more
fair than a uniform tax on incomes?
And while I'm honestly trying to give a Fair Tax a fair assessment, this is where I have trouble completely buying into the fair tax concept too. I think a fair tax would be far more regressive than a flat income tax--people who have to spend most of the income on basic necessities would be impacted more and would be paying a far higher percentage of their income in taxes with any kind of sales tax system as opposed to an income tax system.
Ten percent is ten percent no matter what amount of money it is applied to, and to me, a ten percent income tax on all income would be the fairest and most equitable way to assess taxes. I do think everybody from the poorest to the richest should pay it though, as I think it very unhealthy for a sizable percentage of the population to have no stake in the consequences of tax policy.