And you try to base your self-serving vanity "analysis" upon the work of a single economist when, in fact, many have reviewed the FairTax and 75 of them have caused to be delivered a signed letter to each Congressman and the President urging the adoption of the FairTax for the benefits it would bring to the country and its taxpayers (which benefits the work of the economist you criticize also highlighted).
Your claim that Boortz was misrepresenting things in the book is foolish since it was you doing the misinterpretation; not Boortz. He was trying to straignten out things for morons that misinterpreted things in making his effort at clarification.
You Squirrels are failing in your claims of lying, misrepresenting, etc. simply because that isn't true and most people reading and making their own judgements realize that isn't the case.
You, of course, are welcome to your erroneous opinions.
"On review, and after reading the critiques of opponents to the FairTax plan, we have concluded that there is one element of the FairTax that could have been present with more clarity in the book; the concept of embedded taxes and keeping 100% of your paycheck....
...Now here's what we didn't explain well in the book. Every employee of any company involved in American commerce is also a provider of a service, and, as such, the employee incurs a tax liability as a result of his or her work...
...We write in The FairTax Book that the competitive pressures of the marketplace will force prices down when embedded taxes disappear from the cost of retail goods and services, and we cite 22% as the average amount of those embedded taxes. Does this 22% include the income and payroll taxes that are paid by employees? Yes, it does. So ... what does this mean to your paycheck after the FairTax becomes law?...
When the FairTax is implemented, and when business and personal income and payroll taxes disappear, your employer is going to have to make a decision. He will either take some or the entire amount he had been withholding for federal income and payroll taxes and add it to your weekly check, or he will readjust your pay figures so that your entire paycheck will be equal to what you used to call "take home pay" before the FairTax. The employer may also decide to do a little of both. Either way, you can see that the amount of money you actually receive as pay – the amount you can put into your bank account – will not decrease, and may actually increase.
END BOORTZ "CLARIFICATION"
This is compared with Boortz's repeated statements in the FairTax Book about the takehome pay rising by a substantial amount:
CITES FROM FAIRTAX BOOK
page 59, they state: “Once the FairTax takes effect, you’ll be receiving 100 percent of every paycheck, with no withholding of federal income taxes, Social security taxes, or Medicare taxes and you’ll be paying just about the same price for T-shirts and other consumer goods and services that you were paying before the FairTax.”
page 83: “Remember that the poor, along with everyone else—will no longer have Social Security taxes or Medicare taxes removed from their paychecks. Whatever they earn, they get on payday. For most of those we categorize as poor, this would mean an immediate 25 to 30 percent increase in their take-home pay.”
page 84, they make it clear though that even though the workers will keep all of their paychecks for a big raise, they still believe that because of “the disappearance of the embedded taxes, the total price paid for consumer goods will remain very nearly the same”.
And then on page 111, they tie it all together with a Quick Review in which they erroneously assert “Here’s what happens when we pass and implement the FairTax plan:”
“We start collecting 100 percent of our earnings on our paycheck.
“We all get virtual raises, since payroll taxes are no longer siphoned from our checks.
“The prices of consumer goods and services remain essentially the same, with the removal of the embedded taxes compensating for the added consumption tax.”
Page 82: "it would create a financial bonanza for the poor and the middle class."
Page 85: "it's clear that low-income Americans will be better off, much better off, under the FairTax Plan... income tax abolished...whole paycheck with no federal withholding.. and they would recive a payment each month...Wow.
Page 88: "for those in the lowest income levels...it's all benefit and no burden."
Page 138: "The FairTax would give the average income worker a 50% increase in take-home pay."
Your claim that Boortz was misrepresenting things in the book is foolish since it was you doing the misinterpretation; not Boortz. He was trying to straignten out things for morons that misinterpreted things in making his effort at clarification.
You can read these quotes from the book and claim with a straight face that I am a moron who misinterpreted his book? He clearly was promising 100% of current pay, and then he backed off on those claims and acknowledged that the 22% embedded taxes included these withheld income and patroll taxes.
Boortz was busted over a major selling point of the plan and he acknowledged that the argument many have been making for so long was correct. He changed his understanding of the plan in a very major way.