"The key phrase is ..., but is: "... 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 ...".Since the wage base will increase more slowly than the total economic activity, this means that the rate so derived will actually provide the funds to match the 12.4% amount mentioned in the bill but that the proportion of that wage amount in the total 23% will actually fall from its present 27.43% to perhaps 25% (of the 23% rate) or possibly even less depending upon the increase in economic activity. This would actually free up more funds for the general revenue rate which would rise after 2007 from the 14.91% figure to, say, 15%.
That result would bring about a hue and cry from taxpayers to lower the rate from 23% (if it in fact starts at that level - which is too high). I suspect that even you and your friends would bitch to high heaven about having the rate "too high".
In other words, you've ignored the simple fact that the rate 23% (or other %), composed of the two entitlement rates that total into the overall 23%, are more likely to decrease from their current proportion of the total. That is FAR more likely that the results that you keep pushing with your nonsense "unelected bureaucrat" business. The FairTax will certainly boost economic activity - every single real economic study that has been done shows this. Pretending otherwise ignores what is obviously the truth of the matter. "
I realize that neither of you want to or can understand this, but it happens to be true. The nonsense about "unelected bureaucrats raising the rate automatically each year" is just that - and isn't going to happen. Just the opposite will occur and to lower the 23% (or alter the GRR) will require Congressional action. Most people understand this readily enough but you don't seem to.
You continual charges of "liar, liar, pants on fire" are childish in the extreme.
It is you continual denials of saying something that I have plainly show you did in fact say which is childish. You said something not only once, but more than 4 times and yet you still deny it. Why not be a man and admit the truth.