[quote=buzz2;28854]
...Everyone would pay a 23% sales tax that is already embedded into the prices of all goods and services. The more you spend and buy, hence, the more you would pay. So, if you don't buy alot, you won't pay alot...QUOTE]
I like the idea of a flat tax but I think there might be a problem with just a sales tax. What I am thinking is that the wealthier people invest a larger percentage of their money than poorer people. I would guess the 23% sales tax would not apply to buying stocks as it would make stocks prohibitively expensive. Yet, without a tax on earned income from investments the wealthier people would make a killing and the gap between rich and poor would widen.
Does the "fair tax" address this issue?
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