View Single Post
Old 05-16-2019, 04:34 PM   #54 (permalink)
roosterk0031
Master EcoModder
 
Join Date: Jan 2011
Location: na
Posts: 1,025
Thanks: 277
Thanked 217 Times in 184 Posts
Is it safe to say if you are a Citizen of the United States living at or below the poverty level it's OK to not pay any federal tax. The Fairtax Prebate gives every citizen of the US the amount of taxes they would pay if living at the poverty level every month.

After that amount everyone pays the same percentage of money they spend on new goods and services they consume. I'm OK with that. Some years I won't need any large new purchases and pay less tax, other years I will. A Fairtax is only collected on new products, used cars for example wouldn't be taxed.

Elimination of corporate taxes should decrease the price of US made products since all taxes are passed on to the final consumer.
  Reply With Quote