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I suppose I don't understand-- what is taxed under the "fairtax" ? Are income levels irrelevent? That seems like a bad idea if so..
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Yes, income will not be taxed, spending will. I think the idea of being penalized for achieving wealth is bad. The more money you earn the more you pay in tax. So the current system rewards those underachievers.
Read this story from Neal Boortz
Reason for the fair tax
And check out the
Fair Tax Volunteer web site to answer all your questions and then buy the book.
