[Your Nightmare]

Strange, just who would not be paying 30% ontop of seller's price at the retail counter on everything they buy.

That's not the question. The question is who will be paying less at the retail counter than they are getting from their "family consumption allowance." Let me show you a chart you may have seen before

See how the current system's line crosses 0% before the FairTax's line? That mean more people would be paying no taxes under the FairTax.

::tick:: ::tick:: ::tick:: fizzle, and watch your Flat Tax delusions die wither before your eyes, as it sits as the unloved stepchild in Congress.

Wanna bet? Didn't think so...

[ancient_geezer]

Strange, just who would not be paying 30% ontop of seller's price at the retail counter on everything they buy.

That's not the question. The question is who will be paying less at the retail counter than they are getting from their "family consumption allowance."

 

Let me show you a chart you may have seen before

LOL, what a wonderful chart, I notice you fail to note that chart is relative to a family of four now filing income taxes on earned wage income,

See how the current system's line crosses 0% before the FairTax's line?

Yep, works that way for the folks receiving EITC of those earned wages as well I notice.

That mean more people would be paying no taxes under the FairTax.

 

I notice you overlook those who do not participate in the federal income tax system at all today yet who intrestingly do indeed purchase well above the provertylevel of expenditure:

http://bls.gov/cex/2001/Standard/income.pdf

As can be readily perceived in CES data,

Table 2. Income before taxes:
Average annual expenditures and characteristics, Consumer Expenditure Survey, 2001

Complete reporting of income a/

Item	Total complete reporting	Less than $5,000	$5,000 to $9,999	$10,000 to $14,999	$15,000 to $19,999	$20,000 to $29,999	$30,000 to $39,999	$40,000 to $59,999	$50,000 to $69,999	$70,000 and over
Households (thousands)	88,735	4,100	6,829	8,099	7,014	12,075	10,508	8,737	12,480	18,892
Income before taxes b/	$47,507	$1,666	$7,675	$12,380	$17,282	$24,494	$34,456	$44,418	$58,943	$113,978
Income after taxes b/	$44,587	$1,528	$7,678	$12,388	$17,086	$23,924	$33,047	$42,362	$55,572	$104,685
Average annual expenditures	$41,395	$20,517	$16,625	$20,642	$25,028	$28,623	$35,430	$40,900	$50,136	$76,124
Estimated market value of owned home	$97,681	$41,007	$49,326	$53,907	$58,377	$61,612	$72,720	$79,331	$115,123	$194,720

 

it seems people don't like to report all the facts about what they are getting in income to government for some strange reason.

For one of the little understood factors of the income tax by most folks is that it fails to reach over half the electorate out here in the real world because it is so easy to evade/avoid or just not have to pay by virtue of not having earnings in the form of reportable or "taxable" income. That in a nut shell is the basis of our problem with ever more people pushing for ever more government.

[ancient_geezer]

::tick:: ::tick:: ::tick:: fizzle, and watch your Flat Tax delusions die wither before your eyes, as it sits as the unloved stepchild in Congress.

Wanna bet?

Sorry, not a betting person, I operate by adapting to sitations , not on the basis of out guessing them. But you are quite welcome to continue gazing into your little crystal balls and reading chicken enterails for their portents. Heck you might even find others doing the same and make your bets with them. Have fun.

Didn't think so...

Your right, is so thinking. Only losers bet. Winners adapt and don't throw there working resources to the fates.