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To: n-tres-ted
Assume H.R. 25 becomes law. Overnight, people would move from paying, to the feds and states, roughly 50 cents per dollar earned on their supplies of labor and capital to roughly 30 cents.

No it doesn't. It would have to also repeal state taxes, it doesn't/can't.

The fairtax is a tax "of the gross payment" it in fact would tax state taxes and anything else included in the "gross payment", including itself.

343 posted on 03/08/2005 2:46:54 PM PST by lewislynn (My other car is an XC90 T6 AWD....)
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To: lewislynn
The fairtax is a tax "of the gross payment" it in fact would tax state taxes and anything else included in the "gross payment", including itself.

This is as grotesquely wrong as many of your assertions. Just like this one in which you base your faulty argument on the underlying "fact" that 100-22=88.

The gross payment is the cost of the product plus the tax - hence the tax-inclusive rate you're always complaining about. The term "gross payment" is not what Lewislynn thinks it means - it's the cost of the good including federal taxes - hence the tax inclusive rate.

It's just as foolish for you to continually say this as it was for you to say that a 22% decrease first and subsequently a 29% increase would lead to a price increase...when anyone can see that the price would be the same.

348 posted on 03/08/2005 3:11:51 PM PST by Principled
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