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SportTrac Discussion
General Sport Trac Discussion
47% Will Pay No Income Taxes for 2009
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<blockquote data-quote="Thomas Rogers" data-source="post: 920131" data-attributes="member: 60724"><p>KL said: </p><p></p><p></p><p></p><p>I'm confused by what you mean.</p><p></p><p></p><p></p><p>I was under the impression that the fair tax eliminates the income tax, and SSI and Medicare taxes on income and replaces theses taxes with a national sales tax.</p><p></p><p></p><p></p><p>If that's the correct definition, then under a Fair Tax there is hiring or paying "under the table" anymore. At least not by the common definition of "under the table", which is employed but NOT paying income taxes.</p><p></p><p></p><p></p><p>So, Fair Tax eliminates the ability to "hire under the table", and eliminates all taxes on income.</p><p></p><p></p><p></p><p>See what I'm trying to say?</p><p></p><p></p><p></p><p>I think you might be confusing "Fair Tax" with "Flat Tax".</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 920131, member: 60724"] KL said: I'm confused by what you mean. I was under the impression that the fair tax eliminates the income tax, and SSI and Medicare taxes on income and replaces theses taxes with a national sales tax. If that's the correct definition, then under a Fair Tax there is hiring or paying "under the table" anymore. At least not by the common definition of "under the table", which is employed but NOT paying income taxes. So, Fair Tax eliminates the ability to "hire under the table", and eliminates all taxes on income. See what I'm trying to say? I think you might be confusing "Fair Tax" with "Flat Tax". TJR [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
47% Will Pay No Income Taxes for 2009
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