Quote from texrex2002:
^ what almost bugs me more is that only half of all households really pay anything for it.
Half of us households have no or negative federal tax liability this year.
Whenever you hear "tax breaks for the rich" it really means "tax breaks for those who actually pay taxes."
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1000% CORRECT....
And if the economy worsens enough....and it will....what % of Americans will pay no tax....FROM CURRENT 47% TO 70% ????
Which is why a sole 10/5 Consumption tax is direly needed....
The take will dwarf the progressed take.....
And most importantly will provide for a sustainable and dramatic growth rate....
And everyone has skin in the game....