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

To: baybabe; Toddsterpatriot
Ah, but you’ve missed the point completely. That $100 of goods (under the income tax system) will now be $90 ... and you don’t pay an added tax of $30. Your effective tax rate would be something like 11% so you’d pay a total of $100 (tax inclusive) - and you only pay that if the item is taxable.
Care to show how your little dream adds up to be revenue neutral?

According to the Fairtax rhetoric I would have to earn $130 to purchase the $100 item, and, according to the Fairtax rhetoric 23% of that $100 item is embedded taxes.

That means that so far the total amount of tax collected under the income tax is $53.00

Your dream scenario only collected $10...where's the other $43 to be revenue neutral?

412 posted on 12/24/2007 10:06:04 PM PST by lewislynn (What does the global warming movement and the Fairtax movement have in common? Disinformation)
[ Post Reply | Private Reply | To 365 | View Replies ]


To: lewislynn
If you’d spend some time looking at earlier threads you’d see many, many links to peer-reviewed economic studies that clearly demonstrate how erroneous your comments are.

There were numerous examples even of how purchasing power substantially increases for a given purchase under the FairTax. These were complete numerical examples which I’ve not seen you or anyone else refute.

So I’ll certainly not bother to repeat them. Since you were apparently “on the threads” at that time judging from your posts, I’ll merely believe you were unable to understand the economic studies as well as the actual examples ... or perhaps that you don’t wish to believe them for your own reasons. That’s fine, too.

518 posted on 12/26/2007 11:52:16 AM PST by baybabe
[ Post Reply | Private Reply | To 412 | 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