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<blockquote data-quote="speeddemon" data-source="post: 365919"><p>There would be no tax. IN implementation, all laws that give the government the ability to levee income tax would be repealed. And the only way it could be reinstated would be a vote given by the people. There would be NO KIND OF TAX. Under the fairtax, the government would have more revenue than the current tax structure. Just think of all the tourists that come over here to spend that would generate revenue. Corporations would flock to the US because of NO TAX on them. Jobs would abound. The U.S. would once again be the front runner for the global commerce highway. The standard of living for millions of Americans would go up. Its a no brainer. We need to push this so maybe when my kids are grown, they can benefit from this.</p><p></p><p>And....JustTired....that would not be fair on several fronts. First, we would end up being taxed mutiple times on goods produced, from the raw materials to the product being placed on the floor for sale. At each phase, each party would add thier 10% to the price of thier cost of production. Do you see how that embeds taxes? It wouldnt be 10%, more like 100%. And the poor shoudnt pay 10% at the poverty rate. UNder the fairtax, all Americans would get a PREBATE check from the government to cover the basics of living, like groceries, power bill, gas, ect... based on family size. </p><p></p><p>There is so much awsome information, you have to read the book, or better yet, do like I did, I got the audio book. I remember things better when I hear them. I will be glad to answer any questions anyone might have, just P.M. me.</p></blockquote><p></p>
[QUOTE="speeddemon, post: 365919"] There would be no tax. IN implementation, all laws that give the government the ability to levee income tax would be repealed. And the only way it could be reinstated would be a vote given by the people. There would be NO KIND OF TAX. Under the fairtax, the government would have more revenue than the current tax structure. Just think of all the tourists that come over here to spend that would generate revenue. Corporations would flock to the US because of NO TAX on them. Jobs would abound. The U.S. would once again be the front runner for the global commerce highway. The standard of living for millions of Americans would go up. Its a no brainer. We need to push this so maybe when my kids are grown, they can benefit from this. And....JustTired....that would not be fair on several fronts. First, we would end up being taxed mutiple times on goods produced, from the raw materials to the product being placed on the floor for sale. At each phase, each party would add thier 10% to the price of thier cost of production. Do you see how that embeds taxes? It wouldnt be 10%, more like 100%. And the poor shoudnt pay 10% at the poverty rate. UNder the fairtax, all Americans would get a PREBATE check from the government to cover the basics of living, like groceries, power bill, gas, ect... based on family size. There is so much awsome information, you have to read the book, or better yet, do like I did, I got the audio book. I remember things better when I hear them. I will be glad to answer any questions anyone might have, just P.M. me. [/QUOTE]
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