You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.

Latest

Greatest

Lobby

Journals

Options

Help

Reply #76: Nope, it replaces the payroll tax [View All]

Printer-friendly format

Email this thread to a friend

Bookmark this thread

This topic is archived.

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

dcfirefighter

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-08-05 07:57 PM
Response to Reply #28

76. Nope, it replaces the payroll tax

according to their site. Retailers collect a sales tax, as retailers do in 48 states & the DC.

from their website (www.fairtax.org)
"Exactly what taxes are abolished? The FairTax is replacement, not reform. It replaces federal income taxes including, personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes."

Only retail sales tax & monthly check: for 2004 it would have been $178 / mo. per adult + $61 per dependent child. This covers spending at the poverty level (for now).

If it passed, ownership of real property would shortly be out of reach of anyone who didn't own any.

Printer Friendly | Permalink | | Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home | Discussion Forums | Journals | Store | Donate

About DU | Contact Us | Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.