To: Always Right
First off 23% is the Fair Tax and not 30%. That is lie number 1!
What you are doing is blending the Fair Tax and the AVERAGE state sales tax. Well then if you are going to look at it that way, then lets be fair and include that in our current tax code.
Anyone who is taxed at least 25% (Fed, State, FICA) on their pay check (most of us are unless you are making minimum wage) then you add the 7% sales tax well. That means you are currently paying 33%. That is higher than under the fair tax.
Keep in mind I did not even factor in the Embedded taxes, or all the rest of the other taxes you love in today's Marxist progressive tax code that you defend.
What you are doing is factoring in an average of the State Sales tax.
However, if you are going to include State taxes, then lets look at our current tax code!
In current income tax code system if you are taxed at least 25% then after you factor in Sales tax (like you Marxist love to do) th
To: Sprite518
First off 23% is the Fair Tax and not 30%. That is lie number 1! No, it is 23% inclusive, 30% exclusive. So it is not me who is lying.
To: Sprite518
Anyone who is taxed at least 25% (Fed, State, FICA) on their pay check (most of us are unless you are making minimum wage) then you add the 7% sales tax well. That means you are currently paying 33%. That is higher than under the fair tax.
First, 25% + 7% = 32%. Second, one is an inclusive rate and the other is an exclusive rate. You can't just add them together.
To: Sprite518
Anyone who is taxed at least 25% (Fed, State, FICA) on their pay check (most of us are unless you are making minimum wage) then you add the 7% sales tax well. That means you are currently paying 33%. That is higher than under the fair tax. You are collecting the SAME amount of tax. So trying to make the claim that people would no be paying less tax is utter non-sense.
To: Sprite518
First off 23% is the Fair Tax and not 30% Actually, it's either/both. Depending on the context, the usage of the 23% inclusive rate or the 29.87% exclusive rate should be chosen accordingly.
Another thing to remmeber is that if the Bush tax cuts are made permanent, the "revenue-neutral" rate actually drops to a little over 19% tax-inclusive, just under 24% tax-exclusive.
264 posted on
09/14/2005 8:20:51 AM PDT by
kevkrom
("Political looters" should be shot on sight)
To: Sprite518
Fairtax
FAQ #47I know the FairTax rate is 23 percent when compared to current income taxes. What will the rate of the sales tax be at the retail counter?
Answer: 30 percent....And then it has a two page essay to explain the deception.
If you don't already know that you don't know anything about the Fairtax.
270 posted on
09/14/2005 8:31:00 AM PDT by
lewislynn
(Status quo today is the result of eliminating the previous status quo. Be careful what you wish for)
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