Replies

RE: # 64

Lets see. I make $100,000 today but my take home pay is $80,000. Tomorrow the FairTax is implemented and my take home pay is $80,000.

Wrong. Assuming for this excample that the $18,000 of the deductions are going to the Federal Government as taxes of one sort or another (IncTax, Fica, etc. The FairTax is implemented, the Feds no longer takes the $18,000 -- your take-home pay is now $98,000.

Lets see. I make $100,000 today but my take home pay is $80,000. Tomorrow the FairTax is implemented and my take home pay is $80,000.
Wrong. Assuming for this excample that the $18,000 of the deductions are going to the Federal Government as taxes of one sort or another (IncTax, Fica, etc. The FairTax is implemented, the Feds no longer takes the $18,000 -- your take-home pay is now $98,000.
WTF? Are we supposed to take this as anything near credible? Is that Fairtax accounting? Nothing you said adds up/makes sense...

There's a couple thousand dollars not accounted for there

258 posted on 08/28/2007 9:19:50 PM PDT by lewislynn (What does the global warming movement and the Fairtax movement have in common? Disinformation)