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What a FairTax of 23 percent is about
Springfield News Leader - Springfield, Mo.
Subjects: Taxes; Grocery stores; Capital gains
Author: Lilly, John
Date: Nov 29, 2011
Start Page: B.3
Section: Opinion
Abstract (Document Summary)

If you eliminate all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare and self-employment taxes, and the expense ($265 billion) to comply with those taxes at each stage of production, all new products and services would be 23 percent cheaper.

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