Thread: Flat TAX/Fair TAX, Would it Be GOOD!

fairtax yes, flat tax no. fairtax has an income threshold if i remember right-tax starts above that threshold. I know disabled vet living on 800/mo already- doesnt have TV service, has minimal phone service, doesnt drive. barely eats 2 meals a day now, starting a garden this year to occupy his time, offset rising cost of food. good guy to have as neighbor.

Originally Posted by alevin

fairtax yes, flat tax no. fairtax has an income threshold if i remember right-tax starts above that threshold.

I think this one is somewhere around $30k

Originally Posted by James48843

Sad, isn't it?

The Golden rule- He who has the gold, gets to write the rules.

I tend to not be sad by this, and strive to be the one making the rules...

H.R. 1040 (interesting bill number for that- clever, don't cha think?)

I ran my household income numbers for that- and I think it would end up costing me just about $1,100 more per year than I currently pay at the federal level.

It would make the paperwork far easier.

But it wouldn't save me any money, if that were one of the goals.