asterism
Congress != Progress
- Jul 29, 2010
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The tax on the top 2% would simply be rolled back to where it was during the Clinton Administration, around 38.5%, ironically a time of prosperity.
Are you arguing cause and effect here?What would you suggest??
The FairTax
Americans For Fair Taxation: Americans For Fair Taxation
All consumption of goods and services are taxed at 30%, which replaces the federal income tax and the payroll tax. Everyone gets a prebate so that those who consume at or below the poverty level pay no tax. Compliance, collection and management costs are drastically reduced. Taxes are evenly applied to all but the top consumers. Businesses are exempt because their capital is best spent maximizing their functions and not collecting taxes on behalf of their consumers and employees.