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The fair tax is the only tax plan I've seen that's fair to everyone, and too transparent for crooked politicians to hide behind. These are both reasons why it will never come to pass.
For those of you who think we should "tax the rich" at rates of 80 or 90 percent or more, you need to stop and think for a moment. Rich people are rich for a reason. It's hard to be stupid and rich at the same time, unless you're paris hilton and you inherit your money. Since many rich people are also smart, they know where to invest their money. If you invest in having politicians make loopholes for you, then you don't pay 90%. If you invest in exploiting all the loopholes available, you may not have to pay tax at all. This is why when the highest tax rates were very high, rich people paid less of the overall taxes than they do now. There was quite an incentive to find legal ways to not pay taxes. With a lower tax rate, there is less incentive to find ways to get out of paying, so the govt collects more taxes.
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John USYacht 27 "Cora Lee"
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