New Bill introduced will eliminate the IRS and replace federal income tax with a "Fair Tax" bill
(trendingpoliticsnews.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (170)
sorted by:
Where are you getting those numbers from?
The 23% comes directly from the bill itself (link below).
The rest of the numbers come from a few different articles I've read.
Sales taxes typically are regressive (meaning the poor pay a larger percentage of their income in taxes), so it makes sense that this tax change would benefit the most wealthy.
https://www.congress.gov/bill/117th-congress/house-bill/25?r=96&s=1
Thanks for providing that info, anon. It's good to know, and not surprising.