My tax rate last year was 10% and since I don't have any money after rent, the car payment, medical expenses not covered by my insurance, car insurance, and gasoline, I can barely afford to buy anything now. Under a 23% sales tax increase my tax burden would jump from $1370 to $2760, an increase of $1390. Before state and local taxes. And I just made under $20,000 last year. FAIR TAX?!?! Make me FAIR GAME TAX! Yes, your little fair tax would double my tax burden, while halving the tax burden of the richest and most able to pay, at the very least.
While the article by our guide was informative it was vastly incorrect on the subject of overtime. For those on a salary income, like a teacher or a defense contractor, they don't have overtime to be made more attractive by the lack of an income tax. And for those of us in the service industry, you don't work OT by choice, and multinationals avoid any OT outside of 4th quarter like the plague. So its not like without a federal income tax, I'm suddenly going to be able to do out and work 60 hours a week at Target by choice. Target would hire another worker to do 20 hours first because that's cheaper for them.
I also do not think that the idea that consumption would increase because wages would increase (since as above we can see they would not do so people would have to pay the essentials like diapers and milk, but the music industry is not going to give up "imbedded corporate taxes" and lower the cost of a $15 CD because the taxes from the federal government went up. Are you expecting social responsibility out of Sony?[p] [b]Be Sure to Continue to Page 3 of Even More Letters on the FairTax[/b] _z_economics_z_);
