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To: GeorgiaDawg32

Read the back of the Boortz book... he admits back there in the notes or something its really 30%


17 posted on 07/31/2006 4:10:22 PM PDT by GeronL
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To: GeronL

quote it to me, with page number..


19 posted on 07/31/2006 4:13:31 PM PDT by GeorgiaDawg32 (I'm a Patriot Guard Rider..www.patriotguard.org for info)
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To: GeronL
You don't get it. You haven't studied it. You really should before you make sweeping statements.

Let's take your 30% item.

Under the income tax you make 100 dollars and you pay a 25% tax. You have 75 dollars to spend, correct?

Under the fair tax you make 100 dollars and you know you will have to pay the tax on whatever you spend. So if the tax is 30% then you have 76.92 dollars to spend. MORE than the income tax. 1.30 x 76.92 = 100

Now which tax is higher?

24 posted on 07/31/2006 4:21:45 PM PDT by groanup (sunshine or thunder)
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