It's nice to know you have no concern for accuracy in your calculations. I'm sure if you had over estimated you would take the same lackadaisical attitude...
Actully the 15% with no SS/medicare system is based on the Billy Tauzin's NRST that replaced income taxes but not payroll taxes with a NRST structured like the FairTax legislation.
Franky your assumption as to how the tax rates were derived for that table is as way off mark as your computations for lack of considering the economic growth potential that goes hand in hand with repeal of income tax systems and moving to broader based taxes with lower marginal rates.
Actully the 15% with no SS/medicare system is based on the Billy Tauzin's NRST that replaced income taxes but not payroll taxes with a NRST structured like the FairTax legislation.In one paragraph you say it was based on Tauzin's NRST rate and the next you say the rate is lower due to "economic growth potential." Which is it?
Franky your assumption as to how the tax rates were derived for that table is as way off mark as your computations for lack of considering the economic growth potential that goes hand in hand with repeal of income tax systems and moving to broader based taxes with lower marginal rates.