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To: lewislynn

Guess you really don't grasp that the ER portion goes to the employees' entitlement accounts, not to the employees and if it's not paid presently then the employee is shorted in his entitlement.

It does not go to the employee himself and never has - nor has anyone supporting the FairTax claimed that ... only you so far as I know; but that's your M. O.


330 posted on 05/20/2006 8:37:08 AM PDT by pigdog
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To: pigdog
It does not go to the employee himself and never has - nor has anyone supporting the FairTax claimed that ... only you so far as I know;
As usual your own words prove you know nothing. The CBO as well as other government bean counters all attribute the employer portion as employee wage base...SO does the Fairtax (HR25). In fact, though true to your schizo form you'll deny the facts, the Fairtax law specifically "determines" the sales tax rate to tax consumers the equivalent of 15.3% of the "wage base" that includes the employer half.

SECT. 904 Trust Fund Revenue (do you know what that means?)

`(d) Old-Age, Survivors and Disability Insurance Rate- The old-age, survivors and disability insurance rate shall be determined by the Social Security Administration. The old-age, survivors and disability insurance rate shall be that sales tax rate which is necessary to raise the same amount of revenue that would have been raised by imposing a 12.4 percent tax on the Social Security wage base (including self-employment income) as determined in accordance with chapter 21 of the Internal Revenue Code most recently in effect prior to the enactment of this Act. The rate shall be determined using actuarially sound methodology and announced at least 6 months prior to the beginning of the Calendar year for which it applies.

`(e) Hospital Insurance Rate- The hospital insurance rate shall be determined by the Social Security Administration. The hospital insurance rate shall be that sales tax rate which is necessary to raise the same amount of revenue that would have been raised by imposing a 2.9 percent tax on the Medicare wage base (including self-employment income) as determined in accordance with chapter 21 of the Internal Revenue Code most recently in effect prior to the enactment of this Act. The rate shall be determined using actuarially sound methodology and announced at least 6 months prior to the beginning of the calendar year for which it applies.

So the Fairtax "supporters" say the 100% paycheck includes only half of the payroll tax, yet the Fairtax "supporters" found it necessary to tax the consumer the equivalent of both halves...That, like the tax on government wages, salaries and benefits, is yet another Fairtax hidden tax increase.

nor has anyone supporting the FairTax claimed that
Go here where the Fairtax authors Dan R. Mastromarco and David R. Burton say: (Maybe they no longer support the Fairtax)
[23] "....Since the median family income of a married couple in 1995 was $47,129 according to the Bureau of the Census, Current Population Reports (April 1997), let's further assume that that is the amount our couple earns.

-----

[26] If the $47,129 of our family's income was all wage income, then that couple would have paid $3,605 in employee payroll taxes on those wages. Note also that their wages were also about $3,605 lower because of the employer payroll tax. As noted earlier, economists generally believe that the employer share of the payroll tax is borne by the employee in the form of lower wages.

----

[28] Under the AFT Fair Tax plan, their disposable income will increase to $50,734 because of the repeal of all payroll and income taxes. .....

Schizo fool.
344 posted on 05/23/2006 11:16:42 PM PDT by lewislynn (Fairtax = lies, hope, wishful thinking, conjecture and lack of logic)
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