As you've demonstrated you should never, NEVER attempt "figuring". None of you disciples grasp the hidden tax concept - of course not, since doing so destroys your incorrect notion that prices will rise after the I.T. is removed and before the FairTax is applied.
You also keep trying to claim wages will decline or at leasy fall to existing takehome values. That's wrong, too.
So post all the out of context snippets you wish; you're not going to alter the truth (nor even admit it, apparently).
The amount of taxes collected from the higher prices under the embedded taxes of the present system are actually quite small. I gave an example of a $100 purchase that ended up with (very generously) a $3.75 tax revenue amount which, under the FairTax, would have been $23.00.341 posted on 07/24/2005 1:49:04 AM PDT by pigdogThe tax "contribution" of an income tax system is on the profit involved which is even smaller than the higher prices caused by the tax cascading. One determines that using arithmetic, BTW.
I guess I missed what part of the "quite small" amount collected is the VAT.I gave an example of a $100 purchase that ended up with (very generously) a $3.75 tax revenue amount which, under the FairTax, would have been $23.00.
Reading that sentence makes it hard to guess which side of the issue you're on...The big government exorbitant tax ($23.00 Fairtax VS. $3.75 income tax) side I guess.
So post all the out of context snippets you wish; you're not going to alter the truthAll of your rants are out of context but how does reposting anything you've said alter the truth?...unless there's no truth to what you've said.