The bill replaces 10 taxes, including payroll, fica, social security, medicare, inheritance, savings, capital gains, gift taxes, business and corporaste taxes - and replaces them with a comprehensive consumption tax. With my $26k salary - I will recognize a 12% increase in take home pay. - I can pay the additional 1% out of the 12%. AND - all Americans will get a 'prebate' of the 'poverty' level that we don't pay taxes on. This year, as long as you earn the minimums, each adult will get $188 and each child - $65 - PER MONTH! Our economy will take off - and we will all benefit - Democrats, Republicans, and Independents. Conservative and liberals. And it will take care of our poor folks and allow us all AND our 50 million visitors to contribute to our economy and our government. the FAIR TAX ACT H.R. 25.
2006-06-17
23:20:11
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6 answers
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asked by
tomkat1528
5