Posted on 08/18/2011 11:21:36 AM PDT by bthockey
For the past couple of weeks, I've been looking into the Fair Tax, a tax law that is picking up a lot of momentum since many GOP candidates, including Herman Cain, support it. For those who don't know what the Fair Tax is, it is essentially a national sales tax of 23%. Even though that might not sound too pleasing, what makes the fair tax so great is that it abolishes all other federal taxes. Income, capital gains, and payroll taxes would all cease to exist.
To bring support to the Fair Tax, which I believe is much better than our current system, I created a list of 4 reasons why you should support the Fair Tax.
(Excerpt) Read more at thebandofpatriots.com ...
Anyone with a grade school education can see that $20,000 went to tax Lewis! That leaves $80,000 after tax! $20,000 is 25% of the after tax amount Lewis which is EXACTLY the same way YOU want to calculate the fairtax!
$20,000 is 25% of the after tax amountWOW! Really? That actually makes sense to you?...Of course it does, you're a Fairtax stooge
If $20,000 is a percentage of "the after tax amount, how much was the tax?
Before you continue to exhibit your total ignorance of math and the english language maybe you should think about where the $20,000 originally came from and then figure out what (obviously impossible for you) the meaning of "of" is when used in math/percentages.
I’ve mad it as clear as it is humanly possible to make it Lewis! The fact that YOU don’t “get it” surprises me not a whit!
Ignorance is bliss in Fairtax land.
You earn $100k. You pay $20K...It's gone, get it?
How could the money ($20K) you don't have be a percentage of the money ($80K) you have left?...It can't/doesn't/never could/never will.
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