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To: RobFromGa
Why should the service provider (hint small businessman) get what he gets now, and the wage earner gets his pay now plus his FICA taxes plus his income taxes?

The small businessman gets his whole paycheck now. He just writes a check quarterly and another at the end of the year for both taxes and FICA. The wage earner is at no advantage. What are you talking about?

373 posted on 08/21/2005 7:40:14 PM PDT by groanup (shred for Ian)
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To: groanup
The small businessman gets his whole paycheck now. He just writes a check quarterly and another at the end of the year for both taxes and FICA. The wage earner is at no advantage. What are you talking about?

If you honestly don't understand what I am talking about then you are not reading. The wage earner is promised his whole 100% paycheck by the FairTax. This will be a 15-25% increase in takehome pay for the W2 wage earner. The other end is the business owner who makes profit on the business and pays income taxes on the profit. You seem to think that the business owner will be fine and dandy if he doesn't get any increase in takehome spendable pay and that the money he saves on taxes will go to the business bottom line,

That is giving wage earners a raise and putting the business owners at a relative disadvantage, it is redistributing income.

If you are now saying that the business owner will get an increase in his spendable pay just like the wage earner, then there are no other significant taxes that the business will save in order to reduce prices.

380 posted on 08/21/2005 8:42:57 PM PDT by RobFromGa (Afghanistan, Iraq, Iran-- what are we waiting for?)
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