Group: alt.society.labor-unions · Group Profile · Search for Purchaased in alt.society.labor-unions
Author: Geo
Date: Aug 11, 2006 18:39
Paul Thomas, CPA wrote: "Geo" <taxpayer779@hotmail.com> wrote Current system: Joe consumer makes $1000 a year and pays $300 in taxes. That leaves him $700 left to spend. He buys a toaster for $100. He now has $600 left. Fairtax system: Joe makes $1000 and pays no fed taxes. He has $1000 to spend (ie more purchasing power, get it?). He buys a toaster
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