Maureen <[email protected]> wrote: > > A family or couple making 50K a year is not spending 50K on taxable > items. Assuming that 20% of their income goes to taxable items
According to FairTax.org that's wrong: (1.) "The FairTax is a single-rate, federal retail sales tax collected only once, at the final point of purchase of new goods and services for personal consumption. Used items are not taxed. Business-to-business purchases for the production of goods and services are not taxed. " Thus, all new good that aren't B2B are taxed. No exemptions. Further, (2.) "Exempting items by category is neither fair nor simple ... exempting one product or service, but not another, opens the door to the army of lobbyists and special interest groups that plague and distort our taxation system today." So there are no "non-taxable" items according the FairTax.org. Still regressive ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340188 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
