Saturday, September 6, 2008
Letters to the Web Editor
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David Nelson
Joined: 12 May 2008 12:27 pm
Posts: 27
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Posted: 21 May 2008 01:55 pm
Post Subject: Re: Go to your website...FairTax: What rate works? Read Article
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Karen, You wrote”
You also have no answer for the CBO's estimates on an actual rate of sales tax needed that goes even higher. I'm being kind with 30%. |
I’m not sure which CBO study you are citing, but I can tell you most estimates that conclude the rate to be higher are not talking about the FairTax as written or they over estimate the cost of the government taxing itself. They often include the belief that politicians will begin exempting various items and services from the FairTax before passing it. If we allow them to do that, our country is already lost. The only reason the FairTax works is because it eliminates the opportunity for the powerful to carve out their own exemptions and exceptions to taxation. Some studies also ignore the significant drop in compliance costs, and decisions made by corporate directors that are based on tax ramifications instead of what is best for the company or the US economy.
To see several interpretations of the most exhaustive study on the rate, Google “FairTax what rate works?”.
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