Is it fair for rich people to get the exact same FairTax rebate from the federal government as the poorest person in America?
Lets look at a billionaire under the FairTax if he spends $10,000,000 dollars he pays a tax of $2,300,000 and gets a rebate of $4,283 (assuming he is married and has no children). His effective tax rate is 22.96 percent. Now, lets look at a middle-income married couple, under the FairTax, with no children if they spend $40,000, they pay $4,917 net after their rebate for an effective tax rate of 12.3 percent. The effective tax rate increases or decreases as spending on taxable items increases or decreases, but it can never exceed a 23 percent inclusive rate!
Related Questions
- Is it fair for rich people to get the exact same FairTax prebate from the federal government as the poorest person in America?
- Is it fair for rich people to get the exact same FairTax rebate from the federal government as the poorest person in America?
- IS IT FAIR FOR RICH PEOPLE TO GET THE SAME FAIRTAX REBATE FROM THE FEDERAL GOVERNMENT AS THE POOREST PERSON IN AMERICA?
