A proposal floated by some conservative candidates called “Fair Tax” turns out to be anything but fair. Analysis shows that if you’re quite poor, you will pay less tax than before. But if you are like most people, earning between $30K/yr and $200K/yr, you will pay more than under current tax law. And surprise, since conservatives are promoting this plan, who would have ever predicted that the rich and super-rich (anyone making over $200K/yr) would pay substantially less in taxes than they do now.
How about that? A Conservative plan that benefits the rich at the expense of almost everyone else. I am shocked (not)! The rule of thumb when dealing with Conservatives is: if they call something “Fair”, it most certainly is just the opposite.
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