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Republican Rewrite of US Taxcode
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 3205102" data-attributes="member: 12570"><p><a href="http://www.fairtax.org" target="_blank">www.fairtax.org</a></p><p></p><p>While everyone pays the same tax rate at the cash register, the prebate results in effective tax rates (annual taxes paid divided by annual spending) that increase as the level of spending increases a progressive tax rate structure. For example, a person spending at the poverty level has a 0% effective tax rate, whereas someone spending at twice the poverty level has an effective tax rate of 11.5%, and so on.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 3205102, member: 12570"] [URL='http://www.fairtax.org']www.fairtax.org[/URL] While everyone pays the same tax rate at the cash register, the prebate results in effective tax rates (annual taxes paid divided by annual spending) that increase as the level of spending increases a progressive tax rate structure. For example, a person spending at the poverty level has a 0% effective tax rate, whereas someone spending at twice the poverty level has an effective tax rate of 11.5%, and so on. [/QUOTE]
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