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To: Principled
Remember the quote which you postion portions of that said in part, "...the Fair Tax rate would have to be 20-25% higher to be revenue neutral..."? Then we find the paper you're quoting and you left out a part of the quote that makes all the difference...That paper was saying the rate had to be 20-25% higher compared to a situation with no taxes.
I remember y'all trying to parse the words of an economist to make it fit your needs (especially considering a tax rate 20-25% higher than no tax rate is no tax rate - 0.25 x 0% = 0%). Got a post number.

Didn't think so.
117 posted on 05/15/2005 7:52:52 AM PDT by Your Nightmare
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To: Your Nightmare

More "looey-arithmetic" ...


123 posted on 05/15/2005 8:24:03 AM PDT by pigdog
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