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To: Sprite518
Don't get all caught up in the numbers because their math is wrong. Anyone that understands percentages would know this.

You seems to be the only one confused, their math is correct. Everyone agrees, but you. I know it is a bit confusing, but the 23% inclusive sales tax is really a traditional 30% sales tax rate, or as pigdog likes to more precisely call it a 29.87% sales tax.

Did you know that conservative estimates of revenue that is being held off shore because of our current tax code is at least 10 Trillion dollars? Can you imagine if we bring that money home what it would do for our economy. Imagine all the new jobs it would add.

That would be amazing. Our entire economy is currently about $10 Trillion, so doubling it to $20 Trillion would be incredible. I just wonder who are we going to use to fill those 150 million new jobs considering unemployment is only about 5%.

1,090 posted on 06/13/2005 10:45:28 AM PDT by Always Right
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To: Always Right

Maybe we'll just have to raise what people are paid ... oh, no ... economic improvement caused by the FairTax.]

Lion, and tigers, and bears, OH MY!!


1,093 posted on 06/13/2005 10:55:57 AM PDT by pigdog
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