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To: Paul C. Jesup

The fair tax rate is 30% tax exclusive - which is how sales taxes are customarily done - which is also 23% inclusive - the way income tax rates are always done... whether they're income, payroll, estate, gift, self -employment etc.


37 posted on 05/13/2005 9:09:30 AM PDT by Principled
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To: Principled

I am just pointing where the '23%' figure came from.


41 posted on 05/13/2005 9:15:54 AM PDT by Paul C. Jesup
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To: Principled

Actually, the FairTax rate is 29.87% tax-exclusive, but I think that we should express the Income Tax rates we now have as tax-exclusive also since a lot of posters pretend (when the FairTax is quoted as tax-exclusive) that they're "shocked, shocked" just like Claude Raines in the movie Casablanca when the police hit him up about illegal activities in his nightclub.

Let's see ... is there someone on the thread that is a math whiz??? Ummm ... gosh ... who comes to mind???


90 posted on 05/13/2005 4:42:06 PM PDT by pigdog
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