[Your Nightmare]

Better read the paper Nightie.

You read it in 5 minutes?

"As calculated here, the effective (tax-inclusive) FairTax tax rate that would permit the federal government to maintain its real expenditures is 23.82%."

[pigdog]

Re-read my post #96. I said nothing of the sort but I note you're up to your old tricks.

[pigdog]

You'd better read more than just that single sentence, since the paper clearly indicates that 23% is right on the money (or did you know that Congress may decide to freeze spending at the 2006 level which would be right at 23% - or perhaps they'll surprise everyone and cut spending further).

In any event, once a decent dynamic analysis is done, the rate may very well end up lower that the present 23% in the bill (is there an echo in here???).

[Dimples]

Would this also be the same study that explicitly requires that States and Localities:

"...take the simple step of imposing state and local sales taxes on the FairTax-inclusive price of consumer goods."

to compensate for the burden of FairTaxing State and Local government consumptions (as we have been maintaining all along!) Hmmmm....isn't that "taxing the tax?"

Would this also be the same study that explicitly calculates the revenue neutral FairTax rate at 23.82% using the same dataset that the AFT formerly used to argue that the revenue neutral rate was 19.2%? Haven't we been saying for some time now that 19.2% was far too low a rate for revenue neutrality? Haven't we been saying for even longer that 23% was also too low?

Haven't the FairTax shills here been arguing for quite some time now that even the 19.2% rate was too HIGH????

Would this also be the same study that reduces the Federal Tax Revenue replaced by 2.6% to get to the 23.82%

Would this also be the same study that explicitly states:

"...Since the FairTax is levied on producer prices as well as on top of other federal commodity taxes ..."

Suggesting that the FairTax does INDEED tax other Federal Taxes?

Would this also be the same study that explicitly states:

"...Private consumers would receive lower (gross) wages under the FairTax..."

Doesn't that contradict to most central tenant of the FairTax advocates: keep 100% of your paycheck???

Seems like this study validates much of what we have been saying for quite some time.