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To: Phantom Lord

The black market,drug dealers and all underground types paid the same tax when they purchased goods prior to the Fairtax as they will after the Fairtax

A $1000 watch before the FT incured the 23% embedded tax that was paid by the retailer.

With the FT the 23% embedded tax is paid by the buyer with no change in the total price,still $1000

Complete fallacy that these people types will now pay more taxes under the FT plan


318 posted on 09/06/2007 8:59:30 AM PDT by cappy26
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To: cappy26

Yes, but you see, often those who are opposing the fair tax claim that the embedded taxes are a mere fraction of the 23% claimed by fair tax supporters. So by their argument, the drug dealers would be paying MORE in taxes than they are now.


319 posted on 09/06/2007 9:07:26 AM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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