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To: Your Nightmare
Dozens? Want to provide a list?

Been there, done that lots of times. You simply ignore the sources and call them dumb. LOL

You can do simple multiplication, can't you?

Yes. More than simple AMOF. Lewislynn can't though.

How 'bout .23x1=.23 or 23%

327 posted on 11/05/2004 7:19:42 AM PST by Principled
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To: Principled
Yes. More than simple AMOF. Lewislynn can't though.
No, very simple. I'll make it even simpler for you. The FairTax base for 2003 was $8.865 trillion. This doesn't include exports or other things not in the base. 22% of $8.865 trillion is $2.038 trillion. That's the total amount of price reduction you are claiming (sans the "embedded taxes" in exports & other expenditures). Corporate taxes for 2003, including payroll taxes which most certainly aren't born in prices, was $488.25 billion. Subtract that from 2.038 trillion and you get $1.55 trillion. Besides compliance cost (max. ~$200 billion) where is the rest of this money coming from?

Answer: either from reduced wages (keeping net tax wages consistent) or it isn't there.
332 posted on 11/05/2004 7:52:18 AM PST by Your Nightmare
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