Quote:
(b) Real Estate:
Home values -- and people who work in the real-estate industry -- would suffer. So would those who sell high-priced goods. Cars, appliances and high-ticket items like, say, Tiffany jewelry, could immediately become 30% more expensive. Would the corporate income and payroll tax savings be enough to offset this addition cost?
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Wouldn't be a fair tax then would it.
The rich get to buy trinkets that are tax free while a working mother has to X% more to buy her family dinner.