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To: tyke

my understanding is the tax will be INCLUDED in every dollar, not tacked on..where did you learn this?? (I wanna know so I can do some research on it)..


14 posted on 02/16/2008 3:44:13 PM PST by GeorgiaDawg32 (I'm a Patriot Guard Rider..www.patriotguard.org for info on joining.You DON'T have to ride to belong)
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To: GeorgiaDawg32

They tack on 30% in FT on to each dollar spent on the item itself. Then they claim that 30 cents is only 23% of $1.30.

Total scam.


20 posted on 02/16/2008 3:47:27 PM PST by Mojave
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To: GeorgiaDawg32
"my understanding is the tax will be INCLUDED in every dollar, not tacked on..where did you learn this??"

Take something that now costs $1 - a quart of milk, for instance. With the "Fair Tax," it would then cost $1.30.

Almost any high school graduate would be able to tell you that the 30-cent tax constitutes 30% of the original price...

That the "Fair Tax" advocates express it otherwise is prima facie evidence they are liars and frauds, or fools.

33 posted on 02/16/2008 3:53:34 PM PST by Redbob (WWJBD: "What Would Jack Bauer Do?")
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To: GeorgiaDawg32

When you compare the Fair Tax proposal with today’s sales tax, it’s still 30% no matter how you present it. Fair Tax people will say that of every dollar you spend, $0.23 goes to taxes. True, but then $0.23 is 30% of $0.77 which would have been the cost of the item without the tax.

The bottom line is, today in Austin, Texas I pay 8.5% sales tax which is 8 1/2 cents for an item that costs $1. With the Fair Tax, I would be paying $0.30 instead. To people who have been dealing with sales tax all their lives, that’s called 30%, not 23%.

The Fair Tax people know that a 30%+ sales tax cannot be sold to the American public even if it means the abolition of the IRS, that’s why they call it a 23% rate.


35 posted on 02/16/2008 3:55:09 PM PST by tyke
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