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Money & Finance > Fairtax

  Fairtax

The FairTax is a tax to replace all federal personal income taxes, payroll taxes, corporate taxes, capital gains taxes, self-employment taxes, gift taxes and inheritance taxes with a national retail sales tax and monthly tax rebate to all households. The rebate is meant to ensure that households have no net tax burden for spending up to the federal poverty level.



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posted on Jan 15, 2008 3:09 AM ()

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