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To: Remember_Salamis; kpp_kpp
Secondly, how much more money are they taking home each month?
It depends, if pre-tax prices drop, none. If pre-tax prices stay the same, what was previously withheld.


The FairTax will most likely have a provision that the NRST on a primary home can be paid over the life of the mortgage, similar to how property taxes are paid.
Where is that in the bill?

You are also forgetting: Sixthly, they will be paying taxes on a good portion of the interest reducing the amount they can pay toward the principle.
83 posted on 12/17/2004 12:37:45 PM PST by Your Nightmare
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To: Your Nightmare
The FairTax will most likely have a provision that the NRST on a primary home can be paid over the life of the mortgage, similar to how property taxes are paid.

Where is that in the bill?

-- It's in the CATO Institute version of the plan.

122 posted on 12/17/2004 3:10:06 PM PST by Remember_Salamis (Freedom is Not Free)
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To: Your Nightmare

You're mixing facts in order to cnfuse the newbies.

If take-home pay (THP) + the rebate (R) is 23% higher than before the tax shift and prices (P) stay exactly the same before imlementation of the FairTax (FT), then buying power (BP) is EXACTLY THE SAME.

If THP + R > P + FT, then Buying Power increases.

If THP + R < P + FT, then Buying Power decreases.

Get it???


127 posted on 12/17/2004 3:37:28 PM PST by Remember_Salamis (Freedom is Not Free)
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