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To: RobFromGa
But your statement misses 2 very obvious facts:
1) The FairTax is not a "huge" Federal sales tax ... it's revenue neutral so raises the same funds as today's archaic tax system.
2) It's not "on top of" existing income taxes since those are removed by the FairTax bill and it's not "huge" in any event as most taxpayers presently paying income taxes will see their effective tax rate greatly reduced under the FairTax.
255 posted on 09/24/2006 12:09:13 PM PDT by pigdog
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To: pigdog
it's revenue neutral so raises the same funds as today's archaic tax system.

No it isn't revenue neutral.

First, they have to collect the money to pay the socialist prebate entitlement, that is a significant increase in the government collections.

Second, they have to increase the amount of money collected so they can pay the FairTax, this hasn't yet been acknowledged by the FairTax organizations, but it is true nonetheless.

So, the government collections under the FairTax are significantly larger than todays collections. Hence, it's not revenue neutral.

257 posted on 09/24/2006 12:15:59 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: pigdog
The FairTax is not a "huge" Federal sales tax

It will certainly appear huge when you purchase the $250,000 home and they ask you for $350,000 or more to pay for it.

258 posted on 09/24/2006 12:17:26 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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