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To: Man50D
" The 30% tax exclusive rate of The Fair Tax, that is the same dollar amount collected as the 23% tax inclusive rate of the income tax, will be reduced due to the prebate not to mention the increase in purchasing power for people as they will receive more in their paychecks after federal income taxes are abolished."

This is revenue neutral?

Let's do the fuzzy math. Feds get the same amount of money. Businesses pay nothing under FT. Individuals will also be paying less. Magic beans will be available to all including the gov't to make up the difference? (don't try the $34/head compliance savings ilo the magic beans).

87 posted on 01/20/2008 11:11:13 AM PST by Paladin2 (Huma for co-president!)
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To: Paladin2

90 posted on 01/20/2008 11:12:53 AM PST by Mojave
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To: Paladin2
I realize how difficult this sort of thing is for you, but how about studying this paper to get your answers.

Most of us are tired of leading the horse to water in your case.

470 posted on 01/21/2008 8:59:23 PM PST by baybabe
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