here's a quick answer to your question: people only pay more if they buy more. if a rich businessman buys a maserati, he is going to be taxed more than a middle-class worker who buys a camry because the maserati costs more. of course, if the middle-class worker decides he wants the maserati, he'd be taxed the same amount as the rich person. this is where the term 'fair tax' comes from. it's not a flat tax where poor people lose, say, 10% of their $15,000 a year paycheck and rich people lose 10% of their $1.5 million paycheck. obviously, that tax is a lot more 'fair' to the rich guy. it's also not a traditional progressive tax where the rich are taxed more simply because they make more money. mike gravel's fair tax is the same for everyone; no exceptions and no loop holes. also, you get reimbursed for taxes you paid buying necessities like food, medicine, etc. basically what it comes down to is you pay according to your lifestyle. hope that makes sense. obviously, there's a lot more too it. so check outhttp://www.gravel2008.us/?q=fair_tax and there's also a video on the mike gravel virb page where he talks about the fair tax.
posted May 22
jenifer says:
xxx
posted Jun 24