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To: baybabe
No - I said effective rate which would be 11% making the total about $100 - IOW no change in price

And you said it, so it must be true. LOL!

IOW no change in price ... but you’d have more income with which to buy things. That amounts to increased purchasing power.

Prices stay the same, no income tax and a prebate? Sign me up. LOL!

449 posted on 12/26/2007 6:28:54 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot
If you’d spend some time on the FairTax website or even on some of the numerous examples on prior threads showing the increase in purchasing power brought about by the FairTax you could see it’s not just me saying this.

It’s demonstrated clearly by numbers in comparison to the income tax.

Actually, you’d do well to use one of the FairTax calculators to find out honestly what your effective FairTax rate would be. You might then very well "sign up".

540 posted on 12/26/2007 12:19:50 PM PST by baybabe
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