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To: Man50D

I wrote: "It eliminates the income tax and replaces it with other taxes. It changes the sources and collection of revenue."

You quoted the Fair Tax website: "The FairTax is replacement, not reform. It replaces federal income taxes including, personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes."

Can you not see that what I wrote and what the FairTax site says are in agreement?

You are apparently trying to argue that the Fair Tax is not a federal tax.

For what it's worth, I'm probably on your side on this issue, but not if you're going to play silly semantic games.


134 posted on 02/12/2006 10:24:57 AM PST by Jedidah
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To: Jedidah
I wrote: "It eliminates the income tax and replaces it with other taxes. It changes the sources and collection of revenue."

What you wrote is a complete misunderstanding of the Fair Tax. My argument all along is the Fair Tax will be the only federal tax. The tax will be collected at the point of consumption. There are no other federal taxes, including the excise tax referred to in post #131.

The excise tax is paid when purchases are made on a specific good or service. The difference between the excise tax and the Fair Tax is that the former is embedded in the cost of the product or service while the Fair Tax has no embedded taxes. All embedded taxes will be eliminated by the Fair Tax. You are clearly not in agreement with me if you think the Fair Tax will involve more than one tax. The distinction between your interpretation of the Fair Tax and the facts is too great to be a matter of mere semantics.
135 posted on 02/12/2006 5:41:27 PM PST by Man50D
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