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To: Your Nightmare

Oh, but the FairTax IS a pure consumption tax as it is only taxable things purchased at retail that are taxed.

With the flat tax which, presumably, is the one you support since you offer it as an example (or, perhaps, more mere trickery on your part), it is NOT just wages that are taxed. Perhaps you should read your own bill.


155 posted on 10/14/2005 8:53:36 AM PDT by pigdog
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To: pigdog
Oh, but the FairTax IS a pure consumption tax as it is only taxable things purchased at retail that are taxed.
That's a retail sale, not consumption. For example, when you buy a house, do you consume the whole house? If the FairTax were a true consumption tax it wouldn't tax you on the sale price of the house, it would tax you on the imputed rental value of the house.
163 posted on 10/14/2005 12:50:24 PM PDT by Your Nightmare
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To: pigdog; Your Nightmare
Oh, but the FairTax IS a pure consumption tax as it is only taxable things purchased at retail that are taxed.
Earned or paid interest isn't retail,
"Any government" employee's wages salaries and benefits isn't retail,
Withholding of tax on nonresident aliens and foreign corporations isn't retail.
175 posted on 10/14/2005 8:24:07 PM PDT by lewislynn (Status quo today is the result of eliminating the previous status quo. Be careful what you wish for)
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