Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: konaice
Actually you boss has no claim to that 20k, because you will still have to pay taxes on what you buy. He never got to keep it before, and he doesn't get to keep it under fairtax.

The point the article was making is not that the boss has claims to the $20K, it is the boss would have to keep the $20K to reduce prices like the fair taxers claim. The article points out the deception the fair taxers use in promoting their tax plan.

42 posted on 09/07/2005 6:34:58 PM PDT by Always Right
[ Post Reply | Private Reply | To 26 | View Replies ]


To: Always Right
it is the boss would have to keep the $20K to reduce prices like the fair taxers claim.

Again, this is bogus. The boss does not need to get his price reduction out of the hide of the employee. He gets it out of cheaper materials, physical plant, energy, transportaion, etc.

As I pointed out, the Employer's share of fica is the only part of the payroll process that would NOT be passed on to the employee. That part (its fairly small) will go toward reduction in costs.

Add to that employers share of fica, all the other taxes corporations pay and you have (supprise!) 23% of the cost of a finished product, whether its a sewing needle or a new car.

The writer thinks hes found a flaw, but it is mostly just a flaw in his reasoning.

Go look at the list of economics professors that support Fair Tax. The least among them has better credentials than this smug writer.

48 posted on 09/07/2005 6:41:45 PM PDT by konaice
[ Post Reply | Private Reply | To 42 | View Replies ]

To: Always Right

There's nothing of substance in the article that backs up such a claim - not at all. Only the rant by the reporter who obviously detests Boortz and those who like him ... one can tell that by the little descriptive vignettes the reporter throws in to demean the people involved (who obviously are pro-Boortz and pro-FairTax).

Perhaps he'd be more accurate to use the term "polemic" when describing William Gale since that's what most of Gale's one-liners really are.


147 posted on 09/13/2005 8:15:22 AM PDT by pigdog
[ Post Reply | Private Reply | To 42 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson