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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1737 |
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Since the FairTax would no longer tax income but rather spending, the wealthy would have a reduced tax burden. Since the FairTax has revenue neutrality, this tax burden has to be taken up by somebody, and it will be the middle class who will do so. The FairTax proponents like to talk about the prebate and how it makes the FairTax not regressive, but the prebate will likely only insulate the lower class from increased taxes and will not prevent the increased tax burden on the middle class...
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Since the FairTax has revenue neutrality, this tax burden has to be taken up by somebody, and it will be the middle class who will do so. The FairTax proponents like to talk about the prebate and how it makes the FairTax not regressive, but the prebate will likely only insulate the lower class from increased taxes and will not prevent the increased tax burden on the middle class...
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