Birdwatch Note Rating
2023-01-25 15:25:17 UTC - HELPFUL
Rated by Participant: 91ED1050C69AB445CFA549CAAF55F48AAC56D267EAADDF024A57D453A99233C4
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