Sunday, January 25, 2009

The Fair Tax Act of 2007

The Fair Tax Act of 2007 - a plain English summary, provided by its proponents at FairTax.org, fails to specify who will pay more in taxes under this proposal and who will pay less.

A 2007 analysis by FactCheck.org provides the answer:
The Fair Tax “will collect more money from those earning between $15,000 and $200,000 per year and less from those earning more than $200,000 per year.”

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