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To: robertpaulsen
Well, price reduction, that's different. In your case, you're taking out 22% in embedded taxes, using 9% to reduce prices, and passing on the rest to the employee. Fine. Others may choose to use all 22% to reduce prices. But that doesn't change the fact that there's 22% embedded in there to begin with, which was the only point I was making when I said that, today, the drug dealer is paying 22% on everything he buys.

Yep, if the 22% figure is correct, 60% of that comes out of the employee's paycheck in the form of withholding and FICA taxes.

Funny how piggiepooch can't seem to figure out that simple idea after all these years.

637 posted on 09/07/2006 10:02:15 AM PDT by balrog666 (Ignorance is never better than knowledge. - Enrico Fermi)
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To: balrog666
The figure used here is 9% and has been so for something like the last year or more. You can shout out any number you wish. That doesn't make you correct.

The money from the 23% figure mostly stays in prices after the FairTax becomes law. The 9% does not and that's the way we've shown it in all comparative purchasing power examples.

645 posted on 09/07/2006 11:01:00 AM PDT by pigdog
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To: balrog666
Funny how piggiepooch can't seem to figure out that simple idea after all these years.

He's actually come along ways towards understanding that. He seems to have conceded that only about 9% out of the 23% can possibly be used to reduce prices. That is something they had been in denial about for years.

648 posted on 09/07/2006 11:07:32 AM PDT by Always Right
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