Frisco_Slug_Esq
On Strike!
- Joined
- May 4, 2009
- Posts
- 45,618
Then you just made the case (pay attention Throb) that the FairTax does indeed replace the current tax.
I think the plan makes it plainly clear that we all pay less in taxes because more of us will be sharing the load.
Here's the type of inequity that it also prevents against the "middle-class."
You spend all your life not rich, squirreling your money away, investing in your home, your 401K, maybe a little stock, and then, finally, you reach that magic goal: retirement. All this time, you've been taxed out the wazoo to pay for the benefits of yoohoo's...
Now it's time to sell your home, travel, or relocate to Florida, but then you discover, suddenly, for one year, you're "the rich" and you get taxed accordingly. And the insult to the injury is that the yoohoo's let out a might yahoo!
It's time for the yoohoos to start getting some skin in the game.
I think the plan makes it plainly clear that we all pay less in taxes because more of us will be sharing the load.
Here's the type of inequity that it also prevents against the "middle-class."
You spend all your life not rich, squirreling your money away, investing in your home, your 401K, maybe a little stock, and then, finally, you reach that magic goal: retirement. All this time, you've been taxed out the wazoo to pay for the benefits of yoohoo's...
Now it's time to sell your home, travel, or relocate to Florida, but then you discover, suddenly, for one year, you're "the rich" and you get taxed accordingly. And the insult to the injury is that the yoohoo's let out a might yahoo!
It's time for the yoohoos to start getting some skin in the game.