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To: Always Right

You mean where lines 28 - 33 of "Table two: National FairTax rate calculation, 2003" spell out the rates with rebate and then without rebate ?

19.3% of the Base Reduction Amount $1,746.1B (the poverty line spending that the FCA offsets) is $337B.

That doesn't seem very hidden to me.

http://www.fairtax.org/pdfs/Opportunties_tax_systems.pdf


51 posted on 02/16/2006 12:06:27 PM PST by Kellis91789 (I wonder how many heroes were really just incompetent suicides ?)
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To: Kellis91789; RobFromGa
Calculating it using the difference between the tax rate (23.8% with rebate - 19.1% without rebate = 4.7%) and multiplying by the tax base ($8.740 Trillion), I calculate the prebate rate generates an additional $411 Billion revenues. I am not sure what they mean by 109 million rebate units. They must have figured 2.67 people per unit and figured and extrapolated the rebate on that family. I think we hashed it out more closer than that in our discussion.

Also noticed some glaring errors in Table 2 where they figured "Revenues to be Replaced". They had IRS 2004 numbers as:

Income....$927.7
Estate....$22.4
Payroll...$717.8
Total....$1,667.9 Billion

A quick visit to the IRS stats revealed several errors and omissions, like completely forgetting to add corporate taxes. Here are the IRS real numbers.

Income....$990.2
Corp......$230.6
Payroll...$717.2
Excise.....$24.1
Total.....$1962.1 Billion

The good ole Fairtax experts under calculated replacement taxes by $294 Billion, or about 18%. It is amazing how in 5 minutes time I can find such negligence in their calculations by their high paid experts.

52 posted on 02/16/2006 12:54:05 PM PST by Always Right
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