Birdwatch Note Rating
2023-01-25 11:23:35 UTC - SOMEWHAT_HELPFUL
Rated by Participant: AFC5C07D009FE4C54C28253564AB95C4ACD4F3E1BB017002587865A55AE6ACDE
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