Birdwatch Note Rating
2023-01-27 00:28:25 UTC - SOMEWHAT_HELPFUL
Rated by Participant: E2F56F92FCFE1099A1FF9A7E6E291D585F0800B13B4C8E7B290D2E06512C6E58
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