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To: Final Authority; RobFromGa; pigdog

I didn't ask for any personal information about you.

I asked for a hypothetical example. You have stated several times that this group of people would lose out under the FairTax. If you cannot provide a simple example of such a person, then you are working off nothing but rhetoric and assumptions. Each of the questions I asked was relevent to the calculation of such a person's taxes under the two tax systems.

I put together a very detailed example for Polybius in another thread, in the interest of honest discussion. I was willing to do the same for you.

As to who I am, I think that is clear. I am the person trying to honestly debate an issue. You are the person making wild assertions, refusing to offer any sort of proof, and getting belligerant.

So put up or shut up. Show us all an honest example, rather than just screaming invective.


147 posted on 11/21/2005 1:55:50 PM PST by Kellis91789
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To: Kellis91789

Are you operating under a set of FairTax assumptions that assume that the price of goods are going to come down by 22% on average so that the 30% FairTax can be added, and prices will stay the same?

If you are operating under that assumption, then your calculations are going to be all screwed up.

Assume that the hypothetical couple are both retired, 63 years old, and have $1,000,000 saved-- $500,000 after tax money invested in safe dividend-paying investments and $500,000 in their home which they plan to live in for ten more years then sell it and move into a smaller place and invest the proceeds. They have saved up all their life and they plan to spend money now travelling the USA and buying stuff that appeals to them.

They also have a $200,000 Roth IRA which they have paid income taxes on and a $200,000 regular IRA. These guys have scrimped and saved, and by God, now they are going to enjoy the fruits of their labor.

Make whatever other assumptions you want about Mr. and Mrs. Accumulated Wealth.


148 posted on 11/21/2005 2:16:03 PM PST by RobFromGa (Polls are for people who can't think for themselves.)
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To: Kellis91789
Farttaxers like you have no clue as what to do because your cause is over, so you keep bringing up threads or resurrecting old ones to keep the flame burning. The problem is, it is only burning in your mind and nowhere else. So, beat it.
149 posted on 11/21/2005 2:24:42 PM PST by Final Authority
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