Concept explainers
(Tax Plan Alternatives; The “FairTax”) There are many proposals to make taxation fairer. Check out the FairTax initiative in the United States at
www.fairtax.org
Research how the proposed FairTax works. One suggestion is to eliminate income taxes and most other taxes in favor of a 23% consumption tax on all products and services that you buy. Some FairTax opponents question the 23% figure and say that because of the way the tax is calculated, it would be more accurate to say the rate is 30%—check this carefully. Write a
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