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To: pigdog
"And any amount of wages (including fica) is part of the price of the product rather than just additional tax cost embedded."

You're parsing. Fica is taxes. Payroll withholding is taxes. Corporate taxes on profit is taxes.

Add all those together and you get "embedded taxes". On average, that amounts to about 22% of the purchase price, according to Boortz.

1,101 posted on 09/11/2006 12:20:21 PM PDT by robertpaulsen
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To: robertpaulsen
As I told you previously, Mr. Boortz neither authored the bills nor cosponsored them. He merely co-wrote a boot at the request of a publisher (he FairTax organization was not involved). He also is welcome to express his opinion however I don't agree with either the percentage you claim he gave OR his definition of "embedded taxes".

And, no, that's not parsing. The labor costs (payroll/fica) are gathered up into product costs which will for the most part remain in product costs when the FairTax becomes law. The embedded taxes will be done away with. Your colleagues have stipulated on these threads that these embedded taxes amount to 9% and not 22%. You've surely been on these threads enough to have known this.

1,110 posted on 09/11/2006 1:36:51 PM PDT by pigdog
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