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To: Bigun
If by that you mean that we admit that the corporate income tax in this country functions as a subtraction

??? No, where did you get that. I was talking about the fairytale that you guys like to spin. The old warn out lie that you can keep all your paycheck and prices will come down. You know the one that Boortz finally admitted to and had to rewrite his book. In your warped mind that was just me lying.

36 posted on 05/11/2007 8:29:23 AM PDT by Always Right
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To: Always Right

The Free Lunch Fairytale is a staple at every FairTax gathering. They even have a guy that dresses up like Santa and promises all the gathered disgruntled that they will get “More Christmas”!

I think it is troubling that so many people are naive enough to think that this magic tax plan can possibly work as advertised.


39 posted on 05/11/2007 8:34:03 AM PDT by RobFromGa (This tagline intentionally left blank.)
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To: Always Right
From the back cover of Dr. PAyne's book:

"Fact: James L. Payne demonstrates in Costly Returns that for every tax dollar the IRS collects, we pay 65 cents more in compliance and other costs. These costs - which as law abiding taxpayers we cannot escape - are never included in any discussion of IRS efficiency."

Perhaps YOU cannot get your mind wrapped around the meaning of the word demonstrates but most others can and have!

If the costs Dr Payne speaks of were eliminated - as they surely would be under the FairTax - the savings would be more than adequate to allow individuals to keep their entire paycheck AND prices of goods manufactured in the USA to drop by at least the amount of the tax as well.

42 posted on 05/11/2007 8:52:02 AM PDT by Bigun (IRS sucks @getridof it.com)
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