Brain357
Platinum Member
- Mar 30, 2013
- 37,068
- 4,189
I quit reading to to extreme laughter when a read the 23% sales tax.About tax expenditures.
The Case for Cutting Tax Expenditures
This is to due dumbass Libertarians who know shit about mathematics & how taxes actually work.
That's one tax that has been suggested:
Let me point out that this is not a new idea. The FAIR Tax repeals all 73,000 pages of the tax code in favor of a single 23% sales tax. Americans for Tax Reform proposes a single flat income tax. Next week, I’ll be laying out my own proposal for a revenue-neutral tax code with no loopholes.
Here where that 23% is a lie.
What the "plan" ays is that if we take$@3 from every hundred spent.
So we are spending $77 & paying $23 in sales tax
That is a 30% rate. not 23%.
This is a big deal because it exposer the attempt to dupe people. The 23% is fraudulent.
Some say it would take a 34% rate.
I'm not sold on that as the best alternative, but it is interesting. One problem I see is the poor
would be paying way more than now with a sales tax.