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Would the republican proposed "Fair Tax" of 30% be applied to purchase of stocks and bonds?
7 Answers
- Jeff DLv 76 years ago
It's not specifically a Republican proposal, but no--investments wouldn't be taxed under the Fair Tax proposal. It's a tax on the consumption of wealth, not on the creation of wealth.
- Anonymous6 years ago
So you want to wipe out the retirement and pension of every working class person in the country?????
Obama is that you?
- ?Lv 76 years ago
It would be applied to RETAIL.
YOUR IRA, 401K, Union retirement fund etc would NOT be taxed for YOUR investments it makes. Why is it important to you that YOU be taxed in that way?
- 6 years ago
liberals would never let the fair tax go threw! You have to be one STUPID person if u think liberals would ever permit this to happen. The better question is would liberal dare pass the fair tax law? If they passed a fair tax law that means the lazy people on welfare would have to pay taxes! We all know that is the base for liberal voting
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- LANLv 76 years ago
Isn't it funny that liberals never seem to be able to cite sources for things that they think conservatives support?
- u_bin_calledLv 76 years ago
you do know the difference between and income tax and a sales tax.... don't you?