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To: FBD
Money magazine ignores the 7.5% paid by the company into FICA, plus corporate income taxes, both of which no longer would be expenses passed on to the consumer

Money did not ignore anything, they just pointed to the most glaring error in the fairtax spin. Certainly there will be some savings for some cost reduction, but it will be on the order of 7-10%, not 22%. Once the 30% sales tax is added, costs will rise 17-20% under the fairtax.

23 posted on 04/03/2006 7:28:38 AM PDT by Always Right
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To: Always Right

Neither you nor anyone else has ever been able to show that and here have been many studies by recognized economists that show just the opposite.

More of your horse-puckey!!


42 posted on 04/03/2006 4:57:47 PM PDT by pigdog
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