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To: Principled
THe caller was unaware that his savings will have it's purchasing power reduced by embedded tax costs already - in about the same extent. The nrst only changes that he will see the amount.

So the embedded taxes will become visible, but they are the same amount as before. So the government gets the same amount from all purchases as they do now, except they are called a "Fair Tax" now instewad of an embedded tax.

And the government gives up all income taxes, and payroll taxes, and capital gains taxes, and doesn't replace that income with anything.

And they still end up with as much as they collect now. I don't get this New Math.

105 posted on 08/03/2005 6:55:16 PM PDT by RobFromGa (This tagline is on August recess...)
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To: RobFromGa
And they still end up with as much as they collect now. I don't get this New Math.
Read the quotes in #61. The only way prices can go down significantly is if nominal wages go down (which can't happen because of "sticky wages").
114 posted on 08/03/2005 7:00:23 PM PDT by Your Nightmare (The FairTax. The first tax plan with Fanboys.)
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To: RobFromGa

Read your own post again realll slowwww and you might get it.


297 posted on 08/04/2005 11:24:09 AM PDT by rwrcpa1 (April 15. Let's make it just another day.)
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