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To: Taxman
What is even worse, is that the income tax keeps getting more and more corrupt and criminal, and the FairTax is a way to eliminate that behavior. The FairTax rate is 23%

That's rich. You talk about corrupt and crooked and follow it up with the bait and switch snake oil on the rate. I know this scam, but since you're the official Henry Higgins on this, please go ahead and tell everyone what the total out the door price would be on a item that today costs $100 under your "fair" tax.

76 posted on 06/05/2013 12:15:36 PM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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To: Orangedog

$130.00; the $30.00 represents 23% of the total price, including taxes.

Virtually EVERY critic of the FairTax has made the argument that you will make when you read this post. And, you will use the $30.00 to misinform low information voters about the FairTax.

Arguing that FairTax supporters are misrepresenting the rate is standard fare for naysayers: the FairTax TAX INCLUSIVE rate is 23% and the FairTax TAX EXCLUSIVE rate is 30%.

Note that the federal income tax rate is expressed as a tax inclusive rate, so for that reason (IOW, to be consistent), FairTax is expressed likewise.

Do the math: if you are in the 15% tax bracket, you would need to earn $117.65 to have $100.00 left after taxes; likewise the 25% bracket requires you to earn $133.33 to have $100.00 left after taxes.

The FIT rate structure CAN be expressed in TAX EXCLUSIVE terms, but that is just not done. I doubt you will find any official IRS publication which speaks of FIT rates in TAX EXCLUSIVE terms.


77 posted on 06/05/2013 5:59:11 PM PDT by Taxman (So that the beautiful pressure does not diminish!)
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