Although the “base” FairTax would seem high, at 23%, the effective FairTax Rate for most Americans would be well below 11%. A family of four, living at the poverty level (about $30k) would get a $580 “Prebate” chack every month … Continue reading
Yearly Archives: 2012
The top 1% of income earners earned 16.93% of all US personal income in 2009, but they paid 36.73% of all personal income tax that was actually collected in that same year. That’s collections AFTER all deductions, exclusions and any … Continue reading