In reality, most of the "cuts" in the senate bill are just accounting maneuvers to keep everything budget neutral. There are a couple important questions to ask about this bill. What does this do to actually reduce the percentage of income that goes to taxes? Where are these tax dollars going? Will the spending and budget reflect the lowered tax rate, or will it simply continue?
Tired of seeing 20-30% of your paycheck disappear before you touch it, deciding how to save money because of tax consequences, and ever-growing government intervention in your life? Listen to 3 reasons be Fair Tax should replace the Income Tax!
If your retirement plan relied on government pensions or social security, and you thought Medicare and Medicaid would be there to support you, then you’re in for a rude awakening. Since FDR, the federal government has been making promises that it know it cannot fulfill or sustain, but soon the repercussions of our government’s fiscal... Continue Reading →