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The Water Cooler
General Discussion
Fair Tax questions
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<blockquote data-quote="SoonerStatePawn" data-source="post: 1951845" data-attributes="member: 11104"><p>You're right. The rich are the ones buying expensive jewelry, cars, boats, guns, etc... All of which they will be paying a 27% sales tax on. The do spend MORE money on stuff they don't need, and they are still paying the same tax on it. Whether or not it is purchased by a company or individual they are paying the sales tax. There are no loopholes under the fair tax.</p><p></p><p>That said, I still think in reality the Fair Tax will never get passed. I do support a simple flat tax.</p></blockquote><p></p>
[QUOTE="SoonerStatePawn, post: 1951845, member: 11104"] You're right. The rich are the ones buying expensive jewelry, cars, boats, guns, etc... All of which they will be paying a 27% sales tax on. The do spend MORE money on stuff they don't need, and they are still paying the same tax on it. Whether or not it is purchased by a company or individual they are paying the sales tax. There are no loopholes under the fair tax. That said, I still think in reality the Fair Tax will never get passed. I do support a simple flat tax. [/QUOTE]
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