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To: lewislynn
Please read post #316 for an explanation. And the rate is 23% of the gross (non-education) wages. It is in effect a 23% excise on those wages.

The ER FICA 7.65% would no longer be paid by the government since it is no longer a wage-based charge. That actually would reduce the 23% excise rate for the non-education employees) by that amount - and it would also have the effect of reducing the costs of the educational employees by that amount also in effect reducing the overall excise from 23% - 7.65% = 15.35% to yet a lower amount that you're welcome to calculate and subtract from the 15.35% since I haven't bothered.

The infamous "unelected bureaucrats raising taxes" ploy you've continually tried (unsuccessfully) to use isn't correct and never has been. They merely determine the split of tax revenue required to fund the S/S entitlement as required by S/S law - which it should be noted isn't part of the FairTax law at all. They have no power to raise (or lower) the FairTax rate ... that's what we pay the "big bux" to Congress for.

319 posted on 10/18/2006 10:46:41 AM PDT by pigdog
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To: pigdog
The infamous "unelected bureaucrats raising taxes" ploy you've continually tried (unsuccessfully) to use isn't correct and never has been. They merely determine the split of tax revenue required to fund the S/S entitlement as required by S/S law
They also would determine what the FairTax rate would be every year.
325 posted on 10/18/2006 11:44:00 AM PDT by Your Nightmare
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To: pigdog
The ER FICA 7.65% would no longer be paid by the government since it is no longer a wage-based charge.
You have written proof of that?
The infamous "unelected bureaucrats raising taxes" ploy you've continually tried (unsuccessfully) to use isn't correct and never has been.
`(d) Old-Age, Survivors and Disability Insurance Rate- The old-age, survivors and disability insurance rate shall be determined by the Social Security Administration. The old-age, survivors and disability insurance rate shall be that sales tax rate which is necessary to raise the same amount of revenue that would have been raised by imposing a 12.4 percent tax on the Social Security wage base (including self-employment income) as determined in accordance with chapter 21 of the Internal Revenue Code most recently in effect prior to the enactment of this Act. The rate shall be determined using actuarially sound methodology and announced at least 6 months prior to the beginning of the Calendar year for which it applies.
They merely determine the split of tax revenue required to fund the S/S entitlement as required by S/S law
Merely determine the split of tax revenue? Where does SS law require a split of revenue? So pigdog says SS won't determine sales tax rates, they'll just take money from somewhere else if they need more, like money from defense or whatever.

It really doesn't matter what you say anymore. You're either completely wrong or your lying. Either way, or in your case, both ways, you're certainly demonstrating that you aren't much of a spokesperson for any legitimate cause...Well, maybe Communism if that were a legitimate cause.

354 posted on 10/18/2006 5:19:08 PM PDT by lewislynn (Fairtax = lies, hope, wishful thinking, conjecture and lack of logic.)
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