No, a 'Fair Tax' is not a good idea
Posted By: FlyRight, 5/31/2023 7:45:56 AM
Let's take a look at the "Fair Tax" and see how fair it really is. Yes, it would tax health care and health insurance. Why would people think United Health Care, Aetna, and other very profitable companies would not only not pay income taxes or payroll taxes, but would also be somehow exempt from the fair tax as well? What about cars? GM, Carvana, all car manufacturers, and car-dealers would not only not pay income taxes or payroll taxes, but also be exempt from the national sales tax? Almost everything would be taxed, or else they wouldn't collect the money the federal government supposedly need.
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4 replies
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No, a 'Fair Tax' is not a good idea
19 replies
Let's take a look at the "Fair Tax" and see how fair it really is.
Yes, it would tax health care and health insurance. Why would people think United Health Care, Aetna, and other very profitable companies would not only not pay income taxes or payroll taxes, but would also be somehow exempt from the fair tax as well? What about cars? GM, Carvana, all car manufacturers, and car-dealers would not only not pay income taxes or payroll taxes, but also be exempt from the national sales tax?
Almost everything would be taxed, or else they wouldn't collect the money the federal government supposedly need.
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