DId you forget that half... again?
I'll say it again, I don't care what the rate is as long as it's rev nuetral.
The federal government doesn't need any more money to pay tax on its purchases. It pays itself the tax.
nytol. picnic tomorrow with hundreds of screaming kids...
No, that was not one of the possible assumptions used to come up with the 23% rate.
The federal government doesn't need any more money to pay tax on its purchases. It pays itself the tax.
This is totally false, the government does need to raise the revenue, if it didn't then we could just have the tax on government purchases be 300% and have no tax on any other transactions. Your logic is totally wrong on this point.
nytol. picnic tomorrow with hundreds of screaming kids... Just tell them stories about the FairTax fairy and they'll calm right down. Especially the part about the free candy for all the children, and More Christmas for all.