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To: Your Nightmare
That table is wrong and it totally skew by people living off of savings or flat out lying about their income ...

There is nothing that indicates that the table is wrong. There is no "corrected table". This is what bls has.

BTW how is someone who is living off savings going to profit from the rebate? They're not. Under the income tax, they could profit from tax credits. Under the nrst, they don't. If you're worried about entitlements, you would prefer the nrst.

If they're flat out lying about their income and are reporting only this much, then they're profiting from income tax credits or evading tax making all honest folks pay more. They couldn't do that under the rebate.

It's much easier to cheat the income tax by underreporting income than it is to evade sales tax. That's why lewis is opposed.

322 posted on 05/18/2006 5:38:49 PM PDT by Principled
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To: Principled
There is nothing that indicates that the table is wrong.
Not if you're willing to believe that 55% of the people who make less than $5,000 went to college and only 31% of the people who make $5-10k went to college. Nothing funny there. No sir. Going to college usually means you make less.


There is no "corrected table". This is what bls has.
Their methods for collecting data are flawed.


BTW how is someone who is living off savings going to profit from the rebate? They're not. Under the income tax, they could profit from tax credits.
What credits are those?


If they're flat out lying about their income and are reporting only this much, then they're profiting from income tax credits or evading tax making all honest folks pay more.
This isn't information from the IRS - this is the Consumer Expenditure Survey from the BLS. This has no relation to their tax return. It's not cross reference with their return. A person could lie on the survey without any penalty.


It's much easier to cheat the income tax by underreporting income than it is to evade sales tax. That's why lewis is opposed.
Except most people's income is reported by someone else. Double reporting does wonders for compliance. There is no double reporting with the FairTax.
323 posted on 05/18/2006 6:28:19 PM PDT by Your Nightmare
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To: Principled
That's why lewis is opposed.
I'm opposed to it because it's a stupid idea. If you don't believe that just look at the/you lunatics who support it.
327 posted on 05/18/2006 7:13:50 PM PDT by lewislynn (Fairtax = lies, hope, wishful thinking, conjecture and lack of logic)
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