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The only fair tax is a luxury tax. This is a sales tax on new home purchases, new car purchases, all non food and non clothing purchases. There could be no loophole to this tax and you would determine how much tax you would pay by the size of your purchase. The tax would need to be about 23% to replace property tax, income tax revenue, business tax, etc., but would spread the cost of government in a fair way to all.
posted 3 years, 11 months ago
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