[Your Nightmare]

So whether the rate rises or falls IS very much the question ... and the answer is as I already gave it to you in post #334; the rates will FALL due to the factors shown in that post. Even so, it would take Congressional action to lower the FairTax rate.

pigdog, you are so wrong it isn't even funny.

The bill clearly states that "The combined Federal tax rate percentage is the sum of the general revenue rate (as defined in paragraph (4), and the old-age, survivors and disability insurance rate, and the hospital insurance rate." and that "The old-age, survivors and disability insurance rate shall be determined by the Social Security Administration." and "The hospital insurance rate shall be determined by the Social Security Administration."

You are 0 for 2.

[Always Right]

You are 0 for 2.

Don't be so kind. On this thread alone pigdog is 0 for 44.

[pigdog]

"You are 0 for 2."

And when the two entitlement rates fall in proportion to the third one (the GRR) due to the increased economic activity the FairTax brings, the amount needed to generate the requisite wage proportion will be less that at present for both not more. This means that the remaining portion which is the General Revenue Rate will in effect increase since the other two have decreased and the statutory rate for all three combined must be 23% (or whatever the rate ends up as in the bill) unless changed by Congress.

Do you not grasp that? Perhaps your misunderstanding stems from your initial belief that the rates would increase with increased economic activity? Sorry - won't happen.