NO. Unlimited deductions to IRAs would not result in a tax system resembling either the Fair Tax or a Flat Tax. A flat tax is defined as a single rate with NO deductions of any sort. The “Fair Tax” is not even an income tax.
FWIW, I support the Fair Tax.
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NO. Unlimited deductions to IRAs would not result in a tax system resembling either the Fair Tax or a Flat Tax. A flat tax is defined as a single rate with NO deductions of any sort. The “Fair Tax” is not even an income tax.
FWIW, I support the Fair Tax.
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