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To: goldstategop
Do we really want to spend 30% under the Fair Tax for government? Again, I remind the opponents today we spend 50% under the income tax on government. So, under the Fair Tax, that amounts to a 20% cut in the overall tax burden!

Do really believe the FairTax will reduce the overall tax burden by 20% and still raise the same revenue?

125 posted on 08/16/2007 8:30:48 PM PDT by lucysmom
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To: lucysmom

Math is hard. LOL!


127 posted on 08/16/2007 8:31:45 PM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: lucysmom
Don't forget that all state and local governments also have to pay this dandy tax on all non-education related costs. This includes employees, and their fringe benefits. That mayor's assistant making $50k a year, now they have to pay the FedGov $15k in FairTax on the salary and more on the medical insurance etc. And road construction supplies and workers, cost 30% more. And everything else they spend money on.

Does anyone have a guess where the state and local governments will get this extra revenue to pay the FairTax to the FedGov??? If you said, they will raise taxes at the state and local level, please get your gold star now.

129 posted on 08/16/2007 8:35:52 PM PDT by RobFromGa (FDT/TBD in 2008!)
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