Birdwatch Note Rating
2023-01-26 21:22:31 UTC - NOT_HELPFUL
Rated by Participant: 5B66C2C2840AD455FDAC3D1F25BF92AD35DB04D16E6BE11F99C2E62BAC83F418
Participant Details
Original Note:
“The bill refers to the sales tax as a 23% tax, because it would make up 23% of the final cost. Most people would likely consider it a 30% tax, because it would add 30% to the pre-tax price. For example, a $100 product would cost $130 with the national sales tax.” https://www.fool.com/the-ascent/taxes/articles/fair-tax-act-would-replace-income-tax-with-30-sales-tax/ https://itep.org/fair-tax-plan-would-abolish-irs-shift-federal-taxes-from-wealthy/
All Note Details