"The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment."
reoiv - If i see van helsing i swear to the lord i will slay him!
4/15/2010 11:09:07 PM
This will never happen even though it makes sense and being progressive is quite nice as it doesn't screw the middle class as much as the flat tax idea does.
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