The rate is stipulated in the Bill.That's only for the first year. After the first year the rate "shall be determined" by unelected bureaucrats at Social Security...It too is "stipulated in the bill".
The rate has been confirmed by Art Laffer’s firm, here:Here's a laugher from Laffer..well lie actually.
"To ensure that income taxes are not reinstated in the future, the FairTax plan also calls for the repeal of the 16th Amendment to the U.S. Constitution."Apparently Laugher decided to parrot Fairtax rhetoric rather than actual research...like reading the bill.
Hey, that is not is name. LOL
I'd switch his axes so that tax rate is the independent variable. The other "order" makes no sense to me, but then I'm not a dismal scientist.