Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Turret Gunner A20
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)
[ Post Reply | Private Reply | To 146 | View Replies ]


To: lewislynn
Read the Bill, go to ....

http://www.fairtax.org/site/PageServer?pagename=about_faq

...and study the Questions and Answers -- and the whole site sections.

259 posted on 08/28/2007 9:25:04 PM PDT by Turret Gunner A20 (The dumbest people I ever met, I met in college.)
[ Post Reply | Private Reply | To 258 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson