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To: Bigun
Will opined that Huckabee's second place showing in the Iowa straw poll was even more amazing given the fact that "he supported a national sales tax of thirty percent, which means that if you buy a one million dollar house, you'll be writing a check to the government for three hundred thousand dollars." Of course, the others on the panel readily agreed.

Let's not lose sight of the fact that Mr. Will is correct about the transaction details: If a retail transaction for a house occurred and the sale price was $1,000,000, then the buyer would have to pay $298,700 to the federal government for the FairTax on that transaction.

26 posted on 08/28/2007 5:40:28 PM PDT by snowsislander
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To: snowsislander
Let's not lose sight of the fact that Mr. Will is correct about the transaction details: If a retail transaction for a house occurred and the sale price was $1,000,000, then the buyer would have to pay $298,700 to the federal government for the FairTax on that transaction.

How much would the same law abiding fellow who earned his income through legitimate means have had to earn under the income tax system in order to have the funds available to complete the exact same transaction?

How many tax returns would he have had to file?

How much completely needless record keeping and other wasteful enterprises would he have had to engage in just to be able to accurately file those returns?

How much did all of that cost?

How much is FREEDOM worth?

41 posted on 08/28/2007 6:01:20 PM PDT by Bigun (IRS sucks @getridof it.com)
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