Monday, January 07, 2008

The Fair Tax.

23% national sales tax instead of a 14.8% federal tax rate. I already pay 7.75% county/state sales tax. By eliminating the IRS, Social Security and Medicare taxes, I get to keep 37% more of my income.

So, for a 15.25% increase in my sales taxes, I get to keep 37% more of my own money. And I get a pre-bate of a certain amount every month!

Sounds good to me!

Where do I sign up?

(Ok. Even if the 23% is in addition to the 7.75%, I’m still ahead!)

Of course, for this to happen, Congress will have to get off its collective ass and repeal the 16th Amendment. They can’t even pass a budget!

So, it’s a good idea but I’m not holding my breath.

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