Ned6 Wrote:
Aug 03, 2012 9:59 AM
How is a Flat Tax of 25% [$25 of final cost of $100] different than a 33.3% VAT [$25 of final cost of $100] or a FairTax of 25% [$25 of final cost of $100]? All tax cost, which is ultimately made up of labor and profit. In each case, it is the consumer who ultimately pays the tax. By the way, a FairTax does not tax wealth or lifestyle, only consumption of wealth and income.