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To: baybabe

I was describing myself!!!! Anyone in the transportation industry (independent contractor status) who can legally write off a shitload of mileage (70% or more of gross income at 48.5 cents a mile) will through the OFFICIAL FAIR TAX COMPUTATION DEVICE/CALCULATOR will have less purchasing power!!! My personal status (calculated in triplicate) brought forth a NEGATIVE 2.8 percent of purchasing power and an INCREASE of 880 dollars in taxation.


701 posted on 12/30/2007 9:22:32 PM PST by xc1427 (It's better to die on your feet than to live on your knees...Midnight Oil (Power and the Passion))
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To: xc1427

Which of the 2 calculators did you use?


702 posted on 12/31/2007 1:41:55 PM PST by baybabe
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To: xc1427

You obviously did not use whichever calculator you used correctly. Most of the things you describe would most probably not be taxed under the FairTax. As an independent contractor ALL ot those expenses would be business to business transactions and therefore not taxed.

Please re-calculate with that reality in mind.

You should read up a bit on what it is and how it operates instead of guessing.


714 posted on 12/31/2007 3:27:11 PM PST by baybabe
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