All of us will get a monthly rebate that will reimburse us for taxes on purchases up to the poverty line, so that we're not taxed on necessities. That means people below the poverty line won't be taxed at all. We'll be taxed on what we decide to buy, not what we happen to earn. We won't be taxed on what we choose to save or the interest those savings earn. The tax will apply only to new goods, so we can reduce our taxes further by buying a used car or computer. This segment is from Mike Huckabee’s campaign website , a portion of his “FairTax” tax reform plan. I read this surprised and impress. It seems like a more than reasonable attempt to revert to a constitutional taxation process. Excise taxes, or what is commonly called consumption tax, is what the constitution outlines as a fair way to tax. Only the earnings one spends is taxed says the founders. I read it again, “All of us will get a monthly rebate.” At this point I was inevitably forced to squirm with a joyf...
some writings. some media. all thinger