FairTax, dryers, and lint-lint

Jeff Bone jbone at deepfile.com
Fri Apr 18 13:34:04 PDT 2003


On Friday, Apr 18, 2003, at 11:42 US/Central, Dave Long wrote:

>
>
>>         You have described how virtually everyone
>> with an effective tax rate above 20% is a dollar
>> winner. Who are the dollar losers? There had better
>> be a lot of them, to make up for the dollar winners.
>
> It looks like 97% of effective
> federal tax rates are under 20%.
> (even at 15%, which I think is
> the FairTax equivalent to fed.
> income tax, we get ~90%)

Payroll taxes.
FICA.
Capital gains.
Increased prices from corporate taxes.

Do I really have to keep going?

*Almost nobody* in this country pays an *actual, aggregate* federal tax 
rate of less than 20% of their economic productivity when all the 
direct and indirect effects are tallied up.

jb



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