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Would the republican proposed "Fair Tax" of 30% be applied to purchase of stocks and bonds?

7 Answers

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  • Jeff D
    Lv 7
    6 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.

  • Anonymous
    6 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 7
    6 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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  • LAN
    Lv 7
    6 years ago

    Isn't it funny that liberals never seem to be able to cite sources for things that they think conservatives support?

  • 6 years ago

    you do know the difference between and income tax and a sales tax.... don't you?

  • 6 years ago

    Not to be trusted if its from a R.I.N.O.

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