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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: PerryA who wrote (13908)9/24/2003 4:32:41 PM
From: Skeeter BugRead Replies (3) of 306849
 
let's say a consumption tax was 20%.

a poor family spends ALL their income on stuff. their tax rate would be 20%.

say steve forbes spends only 1% of his income on "stuff" and invests the rest. his tax rate would be 0.2%

that isn't "equity" in my book.
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