posted by Julie Engebrecht at 2/26/2008 06:21:00 PM
"Bipolar politics has always been Huckabee’s strongest suit. No one is better at saying one thing, doing the opposite and getting credit for both, of talking small government and actually promoting big government." - Ernest Dumas, the Arkansas Times, 9/21/2006
http://www.factcheck.org/taxes/unspinning_the_fairtax.html :The FairTax proposal assumes a 100 percent tax base on consumption. By way of contrast, most states that have sales taxes have roughly a 50 percent tax base. With the FairTax’s 100 percent base, consumers would pay taxes on a great many things that may not intuitively seem like consumption. The list would include:Purchases of new homes Rent Interest on credit cards, mortgages and car loans Doctor bills Utilities Gasoline (30 percent in addition to current taxes, which would not be repealed) Legal feesAt today’s prices, gasoline would cost almost $1 per gallon more. A $150,000 new home would run $195,000 – plus the 30 percent tax that the buyer would pay on the interest on the mortgage. In short, the FairTax taxes everything that one buys, with the one notable exception of education. Any exceptions to the tax base (for instance, eliminating rent or credit card interest from the tax base) would require an offsetting increase in the rate.
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