Some people who are concerned about the regressivity of a consumption tax like the FAIRtax have suggested that the FAIRtax should contain exemptions for necessities like food and medicine.
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The Tax Foundation is an international research think tank based in Washington, D.C. that collects data and publishes research studies on U.S. tax policies at both the federal and state levels.
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A recent poll showed that most people across the entire political spectrum support the idea of replacing the income tax with a different system of taxation. Read More.
Believing a myth can be harmless, or it can have rather serious consequences. The income tax code is so complicated and incomprehensible, it’s no surprise that myths abound regarding what’s in it and what it requires you to do.
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