FactCheck.org: Unspinning the FairTax

AFT’s Burton agreed that those earning more than $200,000 would see their share of the overall tax burden decrease, admitting that “probably those earning between $40[thousand] and $100,000” would see their percentage of the tax burden rise.

via FactCheck.org: Unspinning the FairTax.

It still looks like the same old game to me.

2 Replies to “FactCheck.org: Unspinning the FairTax”

  1. The article totally misses the point. Under the FairTax, every income quintile pays less. There is no “probably” about it. How much less the rich pay depends on how much they save and invest. I am old enough to remember when these were considered to be desirable outcomes.

    1. No they won’t because the only real tax rate is your effective tax rate, i.e. the taxes you pay as a share of your income. Pushing the “prebate” for low-income earners is proof positive that the proponents of this scheme know this is true. And as the Treasury Department shows, the rest of the middle class pays more. The only way this even remotely works is on some pretty optimistic economic predictions which as far as I know has never been proven out empirically. This is the trap and the nonsense like trickle-down economics was in the 80’s. I’m old enough to remember it was as much nonsense then as it is now. And that’s the point.

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