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To: Hostage; HomerBohn
The word is ...... “RETAIL”

You really need to think before you post.

That's a little snarky for someone who didn't read or think before posting. I'm more than just a little familiar with the Fairtax

The word "retail" is not in the legislative language in the link you posted.

The reason? Because the tax is imposed on the gross payment (including itself) and it taxes virtually everything including, in some cases, (gross)self-employment income, wages and interest (AKA income).

It also allows SS bureaucrats to "determine" the rate every year with out a vote or a signature.

On day one of the tax your assets would lose the face value of whatever the tax rate is. In the case of your Fairtax it would be a 23% loss on day one.

Any after tax investments held now would be taxed again (23%) when you spend it.

19 posted on 08/26/2015 7:36:45 AM PDT by lewislynn (Meghan Kelley...#sand--Rosie, the Don was right-- Hillary, lipstick on a pig)
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To: lewislynn
I'm more than just a little familiar with the Fairtax

Your repeatedly debunked falsehoods on the subject would belie this assertion.

24 posted on 08/26/2015 7:56:55 AM PDT by kevkrom (I'm not an unreasonable man... well, actually, I am. But hear me out anyway.)
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