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To: RobFromGa
Again, your wealth is not taxed until you spend it. If you make X amount of profit or earn a salary, that's not taxed. If you want to save it, you don't pay a tax on it. If you spend it, you pay a tax on it ONCE. There's no different forms of taxes. As you can imagine, politicians love the current system for they can tax your income any number of imaginable ways. With the fair tax, they can tax your consumption once. That means raising the tax has real political costs since its visible. And people know exactly how much they owe since every pays the same tax rate. A consumption tax is stable and isn't subject to the boom and bust cycle that accompanies income tax levies.

(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
158 posted on 08/23/2005 12:53:44 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: goldstategop

You are again arguing under the assumption that the FairTax is being described accurately. I am not.

Let me ask you an honest question: Just on the crazy chance I am right and the average worker were to take home 25% more income, and retail prices were to go up 17-20% (with the Fair Tax included) would you still support the Fairtax plan?


164 posted on 08/23/2005 1:00:54 PM PDT by RobFromGa (Afghanistan, Iraq, Iran-- what are we waiting for?)
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