Meet The Candidates: 2012 GOP Thread

[Slingin Sammy 33]

Originally Posted by dmek25

first problem is that 9% of someones pay thats making $25000.00 a year is a helluva a chunk compared to someone making $100000.00

How much does someone who makes 25K pay in SS & Medicare tax? Right now I believe it is 7.2% SS and 1.6 Medicare. That person's company is required to match those amounts. Under FairTax SS & Medicare income taxes go away.

Let's look at the dollar amounts: 25K = 2,250.00 100K = 9,000.00

The person making 100K is already paying 4 times as much in Fed taxes, why should the person making 100K be forced to pay a higher percentage as well? What gov't services does that person making 100K use that dicates paying a higher % in addition to the higher $$$. While we're at it, why should a single person pay a higher percentage than a married person?

Another point often ignored by detractors of FairTax is the prebate check which would be sent to every SS card holder in the U.S. to cover the taxes paid on essential items.

www.fairtax.org is the website. All the information about the plan, including FAQs are there. There are also two books out by Neal Boortz and Congressman John Linder on the FairTax, great reads if you are interested.