>>35% more? Where did you get that number? If you haven't really studied it don't hang numbers on it.<<
I'm pulling it out of my hat, which is where ALL numbers on this come from. I was making the larger point that having more money because you didn't pay income taxes is not going to mean you have more money to buy goods that have that same tax added on when you buy things.
This whole argument, at this point, is an exercise in futility. The plan needs to have some flesh on it before we can even debate it's merits. And merits we argue now all depend on how the plan is proposed, which it hasn't been yet.
That is why I said in an earlier post that this whole thread is arguing the number of angels that can dance on the head of a pin.
The plan has merit and flesh, the article posted lacks same. The plan removes all the reason for and incentives behind all the cheating that happens in corporate and personal taxes. I fully back the Fair Tax approach.
The plan needs to have some flesh on it before we can even debate it's merits. And merits we argue now all depend on how the plan is proposed, which it hasn't been yet.
The Fair Tax Plan(HR25) has been in legislative form before congress since 1997. Has gone through extensive research, debate, modification from public and Congressional input and now looks like the legislation sponsored by John Linder in the House(HR25) & Saxby Chambliss Senate(S25), to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
Text of legislation on Thomas ===> H.R.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
How much more flesh do you need on a bill introduced into both houses of Congress before you are willing to debate it?