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To: baybabe
The bill calls out the marginal tax rate (just as do the present income tax tables). It requires the receipt to specify the tax paid at point of purchase using the inclusive marginal rate of 23%.

Excellent! So, a bill that is $100 before the FairTax would rise to what level after the FairTax is added?

766 posted on 01/10/2008 9:08:59 AM PST by Toddsterpatriot (What came first, the bad math or the FairTaxery?)
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To: Toddsterpatriot

The net amount of the bill including FairTax as in your example would be a decline from $100 to $85.56 net. It’s unfortunate you can’t understand that - but it’s true.


767 posted on 01/10/2008 10:30:10 AM PST by baybabe
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