To: BubbaTheRocketScientist
I spent the better part of the day putting together spreadsheets based on reasonable assumptions which show exactly how it works. Shall we go over it again? I've spend six years showing that the numbers that the fairtax promises don't add up. You can't have all the tax savings going to both raise take home pay and lower prices. The savings can only go to one place. There simply are not enough dollars saved to reduce prices 20 percent and allow everyone to keep 100 percent of their current gross pay. Not even close.
To: Always Right
I've spend six years showing that the numbers that the fairtax promises don't add up.
I'm not familiar with the specific promises to which you are referring.
You can't have all the tax savings going to both raise take home pay and lower prices. The savings can only go to one place.
Of course not. Obviously the total tax savings will be divided between increases real take-home pay and decreases in product prices - an economic equilibrium would be reached. However, the total tax savings includes not only "obvious" personal income taxes, but also the employer payroll taxes, corporate taxes, compliance costs - not to mention the opportunity cost of having trillions of dollars of capital locked up in tax-deferred arrangements.
There simply are not enough dollars saved to reduce prices 20 percent and allow everyone to keep 100 percent of their current gross pay.
Who said there would be? I'd be happy to double-check their calculations for you.
To: Always Right
There you go again, tryoing to plant some straw man claim of "x%" again as an "impossible" decrease.
However many years you may have spent offering up invalid claims, Rightie, there have been many more FairTax supporters rebuting your claims and showing you to be wrong. Still are.
398 posted on
02/22/2006 7:50:01 AM PST by
pigdog
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