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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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To: Taxman

Good luck peddling your 76 trombones somewhere else but people here aren’t buying it. People who are paying attention want nothing to do with your welfare checks and big brother purchase tracking that will happen contrary to any amount of happy horse shit you try to disguise it in.


78 posted on 06/06/2013 5:31:17 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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