Faix Tax MythBusters: Who Pays? – Citizen v. Machine

Under the Fair Tax, the Bottom 80% of taxpayers – anyone earning under $109,500 –  will have one of the highest tax burdens in the country. Fair Tax proponents knew this yet did nothing about it. And now the Fair Tax will own this because it will be the new barometer by which all future tax increases will be based. There is simply no getting around the fact that property and sales taxes are the true components of tax burden for the Bottom 80% in Illinois, not state income tax.
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
someone
5 years ago

Fair Tax is a MYTH.
I do not believe one word out of Pritzker and the Dem ILK of Illinois

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE