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Dang. Inserting my info in the calculator came out with a tax rate of just over 8% ... that's crazy low.
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Dang. Inserting my info in the calculator came out with a tax rate of just over 8% ... that's crazy low.
RE: They just won't let you do it.
FairTax. I don't know. Here is a FairTax Calculator which when I put in some of my own numbers in, seems to add up to a lower tax rate. I'm all for it in that case, as long as the country can survive. I'm a little confused on the used goods exemption. If I buy a car that someone owned for 3 months, do I have to pay any taxes at the point of sale? I can see a lot of slightly used cars, boats and RV's on the market if that's the case.
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