To: Principled
I really don't care, try #2. ALL taxes are paid by the businesses/workers. Prices go up after the fairtax is enacted. Workers and employees keep their current gross income.
Remember though, under this analysis workers and employees are pocketing ALL the savings, no saving is passed to the consumer. The fairtax then adds 30% to the price of ALL goods and services. People have more money in the pockets, but goods and services cost more.
87 posted on
05/21/2008 7:34:47 AM PDT by
Always Right
(Was it over when the Germans bombed Pearl Harbor?)
To: Always Right
Be clear now - when you say
ALL taxes are paid by the businesses/workers, who pays PIT? EE payroll?
Because I see PIT and EE payroll paid by individuals, not business. The way you have it written seems to indicate otherwise. What do you mean "workers"?
You'll have to be more specific [to avoid the future charge of me changing again].
Who pays what under your desired assumptions?
88 posted on
05/21/2008 7:53:50 AM PDT by
Principled
(Vaporize the "Divide and Conquer" taxes - Have everyone pay the same marginal rate!. NRST!)
To: Always Right
AR, if workers keep their gross, then they don't get ER payroll and business income tax. Do you mean to say people will get more than their current gross by ER payroll and business income being added to their paychecks along with EE payroll and PIT?
89 posted on
05/21/2008 8:00:59 AM PDT by
Principled
(Vaporize the "Divide and Conquer" taxes - Have everyone pay the same marginal rate!. NRST!)
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