Share 'How the federal tax system affects what you can buy. How much do you have to earn to have $100 to spend?'

How the federal tax system affects what you can buy. How much do you have to earn to have $100 to spend? Critics of the FairTax claim that the FairTax will increase the cost of everything you buy by 30%; that you will have to pay $130 for anitem with a price tag of $100. Let’s take a look at how the existing federal income/payroll tax system affects what you can spend. The chart below shows how…