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Correction:
the 23-30% tax already exists in the current tax system as embedded taxes. Under the fairtax, those embedded taxes are eliminated, and replaced with a single consumption tax. Thus the prices actually lower, and the end result is a stabilization of prices at or near current prices. Another factor of the fairtax, is the requirement to repeal the 16th amendment. This would eliminate those embedded taxes, and the double taxation scenario found in Europe's tax system.
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What is the difference between 1040a tax forms and 1040ez tax forms?
The difference between 1040a tax forms and 1040ez tax forms is that it depends on if the person is a dependent or an independent person. It also matters on how much you make.
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
How is a sales tax similar to a flat tax?
Both sales tax and flat tax are a fixed percentage.
Difference between the tax planning and tax avoidance?
Tax planning is legal while tax avoidance will get you into a lot of trouble
What is the difference between EIN tax id and federal tax id?
They are the same thing.
Regular income tax Fair tax Flat tax which would be your choice?
flat income tax
What is the difference between direct tax and non-direct tax?
difference b/w direct tax and indirect tax
What does the flat tax do to the tax process?
flat tax
A taxation stratery where everyone pays the same dollar amount reguardless of income is a blank strategy?
A flat tax is a taxation strategy where everyone pays the same rate regardless of income. A flat tax and fair tax are the two most commonly proposed alternatives to the current US tax system.
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What is the difference between 1040a tax forms and 1040ez tax forms?
The difference between 1040a tax forms and 1040ez tax forms is that it depends on if the person is a dependent or an independent person. It also matters on how much you make.
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
How is a sales tax similar to a flat tax?
Both sales tax and flat tax are a fixed percentage.
Difference between the tax planning and tax avoidance?
Tax planning is legal while tax avoidance will get you into a lot of trouble
What is the difference between EIN tax id and federal tax id?
They are the same thing.
What is difference between direct tax and indirect tax?
the difference between a direct tax is one that must be paid directly to the government by the person on whom it is imposed and indirect tax is one first paid by one person but then passed on to another.
What is hotel tax for SC?
is there a difference between "hotel tax" and "sales tax"? If so, what is the "hotel tax" in SC? ( Myrtle Beach)
