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| Link to Fair Tax Act John Linder |
| Friday, November 17, 2006 |
What is the http://linder.house.gov/index.cfm?Fuseaction=Resources.Home&Resource_id=1">Fair Tax Act supposed to do?
- Repeals all corporate and individual income taxes, payroll taxes, self-employment taxes, capital gains taxes, estate taxes and gift taxes.
- Imposes a revenue-neutral personal consumption tax on all new goods and services at the point of final purchase. Business-to-business transactions and used products (which have already been taxed) are not subject to the sales tax.
- Rebates the sales tax on all spending up to the poverty level.
And other stuff. Visit politicalfriends.blogspot.com for more. |
posted by Domesticated Dog @ 12:39 AM   |
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