To: Principled; SAJ
FUnny, isn't it? THe way the Treasury is fooling the entire world - arbitragers and all!Selling a bond with one rate and then giving a worse rate? No, they give a better rate. I guess it's not like the FairTax. LOL!
325 posted on
12/24/2007 3:19:06 PM PST by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
To: Toddsterpatriot
They give 5%. They don't give a better rate - they give 5%.
You just don't know what to do that the inclusive rate is normal in many areas and you can't figure out what to say - keep trying lol.
330 posted on
12/24/2007 3:27:22 PM PST by
Principled
(Vaporize the "Divide and Conquer" taxes - Have everyone pay the same marginal rate!. NRST!)
To: Toddsterpatriot
Perhaps you’ve missed the point.
The FairTax has a marginal tax rate of 23%, but its actual effective tax rate (what you pay during the year) is much less. The concept is the same as with the bond; the direction of benefit is reversed so the taxpayer (on the one hand) or the bond buyer (on the other) benefits.
344 posted on
12/24/2007 3:47:14 PM PST by
baybabe
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