If that goes away, the employee gets the full hourly rate, the employer pockets the gain, and the cost of production drops.So both are true. Competition takes care of the rest.LOL! Where is that written? Just saying both are true is no longer good enough. Parroting the lies and no straight answers is getting old.
(7.5%, IIRC-calculated as an exclusive rate, or inclusive, I don't know.)On the one hand you pretend to be the expert on how it would all work, on the other you admit you don't know even the basics...That's very telling.
If that doesn't convince you, maybe we could get Harry Reid to contribute some of that retirement money...The Fairtax won't change that either and you can bet he'll see to it his retirement would be increased 30% (not 23%) to cover any future taxes he'd have to pay from it too.
LOL!Where is that written? /lewislynn
Just saying both are true is no longer good enough.
It's in the bill, dude. What's so arcane about that?
On the one hand you pretend to be the expert on how it would all work, on the other you admit you don't know even the basics...That's very telling.
No, I have admitted that I'm no accountant. I'm a businessman. I understand as much about accounting as I need to. So when the details get too esoteric, I bow out. But what I do understand is the possibility of NO FEDERAL TAX until I decide to spend money at the retail level.