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To: Kellis91789
If you won't put up numbers, then we'll assume you realize your error.
There is no error. What is it with you clowns and this "error" thing? Did you all go to the lunatic's class of "error" spotting?

I don't have wage costs, the rest is irrelevant (not to mention none of your business) to your assumptions.

68 posted on 05/14/2006 10:53:43 PM PDT by lewislynn (Fairtax = lies, hope, wishful thinking, conjecture and lies. (no it's not a mistake)
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To: lewislynn

You claim you will have to charge your customers 30% more than current prices. That is dependent on what taxes you currently pay and what your current costs are -- because both of those will decrease under the FairTax.

How can you possibly say they are irrelevent and expect anybody to take you seriously ?

Of course I could provide numbers for you, because you've obviously not even done your own numbers. You are just making blanket generalizations.

Here are your numbers. You refused to provide numbers, so don't complain about these.

Under Income & Payroll Tax



Non-wage costs: $300K
Profit: $300K
Self employment tax: $24K
Income Tax: $60K
Take Home Pay: $216K
Gross of Prices to customers: $600K


Under FairTax


Non-wage costs: $270K
Take Home Pay: $257K (20% increase maintains your purch power - $2K FCA)
Gross of Retail Prices to customers: $527K
FairTax collected: $158K
Gross of tax-inclusive prices paid by customers: $685K

Increase in prices: $85K / $600K = 14.2%

Your take home pay was increased by 20% per Rob's assumptions, so your purchasing power was maintained and yet your customers pay less than 15% more than your old prices.

So your 30% figure is an ERROR.


69 posted on 05/14/2006 11:41:25 PM PDT by Kellis91789 (I don't make jokes. I just watch the government and report the facts. --Will Rogers)
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