To: TexasTransplant
Are You Sure? Are you sure that it wasn't that supposed 1/2 that employers pay? Are you sure? Positive, he meant all the taxes paid as a cost of employment-- payroll and income. He confirmed it to me in an email and then to the Moeny magazine reporter a couple of weeks later. Links to those threads are up above or search FR for "fair tax myth"
200 posted on
09/28/2005 8:40:12 PM PDT by
RobFromGa
(Afghanistan, Iraq, Iran-- what are we waiting for?)
To: RobFromGa
Ain't no friggin way that you can figure "ALL" Income Tax into the cost of a Product, #1 as I mentioned, some people have TWO jobs therefore their "Income" would not be associated to "one" product but more importantly and much more dramatically would be people who work under the table.
So Income that is not captured under the current system would be captured under the Fair Tax system, and spread more evenly, the argument that these folks that DON"T PAY INCOME TAX TODAY are somehow already paying Tax because the are paying an embedded Tax, I urge you to try that defense with the IRS (Which would be GONE with the Fair Tax by the way) and see how far it gets you.
TT
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