In fact, 95% of taxpayers pay less than 20% effective income tax.
What matters is the EFFECTIVE rate. That's after deductions and credits.
The fair tax is a scam and the very fact Republicans think their base is dumb enough to support it is precisely why Republican leaders deserve impalement as much as demoKKKrat leaders do.
Not a single person here pays a 30% income tax.
Also, the products you buy will be marked up over 30% since businesses will have to pay the 30% tax on sales to other businesses to buy all the component parts that go into making a phone or a radio or the dinner you buy. So the products you purchase will be 30% higher plus you'll have to pay a 30% tax on a marked up retail price meaning you're FUCKED.
I'm seriously concerned that almost 100% of people posting in dot win forums are dumb enough to think a 30% national sales tax on every sale is better than the 5% effective federal income tax rate they probably pay each year.
A bit late, but while I was working oil rigs here in Canada my income tax from federal and provincial deductions worked out to 31%. Plus I had CPP and EI deductions too so i was paying 31-33% of my income to their black hole of waste. Maybe Americans get a lower rate, would have to get an American oil rig worker to weigh in on how much he got robbed off his cheques.
You do realize that that is meant to replace income taxes??
99% of Americans pay less than 30% effective income tax rate. https://communities.win/c/Conspiracies/p/16a9lchIV2/the-fair-tax-scam--its-an-increa/c
In fact, 95% of taxpayers pay less than 20% effective income tax.
What matters is the EFFECTIVE rate. That's after deductions and credits.
The fair tax is a scam and the very fact Republicans think their base is dumb enough to support it is precisely why Republican leaders deserve impalement as much as demoKKKrat leaders do.
Not a single person here pays a 30% income tax.
Also, the products you buy will be marked up over 30% since businesses will have to pay the 30% tax on sales to other businesses to buy all the component parts that go into making a phone or a radio or the dinner you buy. So the products you purchase will be 30% higher plus you'll have to pay a 30% tax on a marked up retail price meaning you're FUCKED.
I'm seriously concerned that almost 100% of people posting in dot win forums are dumb enough to think a 30% national sales tax on every sale is better than the 5% effective federal income tax rate they probably pay each year.
A bit late, but while I was working oil rigs here in Canada my income tax from federal and provincial deductions worked out to 31%. Plus I had CPP and EI deductions too so i was paying 31-33% of my income to their black hole of waste. Maybe Americans get a lower rate, would have to get an American oil rig worker to weigh in on how much he got robbed off his cheques.