Do you have a point? I know you imagine you have, -- but you haven't made one. Try again.This isn't rocket science but if you don't understand the simple concept of the legislation, or at least read it, it is.
The first year of the Fairtax the rate is "23% of the gross payments" (that's in quotes for a reason). After the first year the rate is: "the combined Federal tax rate percentage".
The combined Federal tax rate percentage is the sum of--After the first year the bureaucrats at SS would determine a rate equal to 15.3% of the SS wage base.`(A) the general revenue rate (as defined in paragraph (4), and
`(B) the old-age, survivors and disability insurance rate, and
`(C) the hospital insurance rate.
If you are an employee you are presently paying 7.65% and your employer is paying 7.65%
If, after a Fairtax is passed, your employer retains the 7.65% previously paid on your behalf but gives you 100% of your paycheck the bureaucrats would calculate the sales tax rate at 15.3%...that would be a 100% tax increase.
Get it?
As has been pointed out to you many times on this very subject, Looey, you're the one who doesn't get it.
What you post is wrong, The SS & M/C money is controlled by other laws - not the FairTax. The language you try to misuse is merely to define how the revenue is split to conver those legally mandated amounts.