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To: Always Right
You are right about one thing. Whomever typed this up has their numbers all fouled up. He or she is trying to say the tax is revenue neutral that is it. In other words the federal government is going to collect the same amount of tax revenue at the 23% rate.

Don't get all caught up in the numbers because their math is wrong. Anyone that understands percentages would know this. Plus you can do it on a calculator.

Nevertheless, my whole point is that the only person, company, etc that has to be concerned with the taxes is the Buyer and not the Seller. This is because taxes only come from consumption. Not like todays Progressive tax system or a flat tax where no matter what you do you will still be taxed.

Did you know that conservative estimates of revenue that is being held off shore because of our current tax code is at least 10 Trillion dollars? Can you imagine if we bring that money home what it would do for our economy. Imagine all the new jobs it would add.

Oh and how about this with the illegal immigration. Right now I would guess that most illegal immigrants do not pay into tax system, but they use our welfare system, social security, and public schools. Under the fair tax(NRST) the illegal immigrants would have to pay the same consumption tax that everyone else pays when we make purchases.


Oh and going back just for a moment. Imagine all the headquarters that would relocate from all of the world here since they would not have to pay taxes. Just think about it. There is a book coming out written by my congress man and Neal Boortz. It is already at number three in the Barnes and Nobel Web site, and the book has not even gone into print yet. Basically there are many preorders. Here is a link. I suggest you buy it and read it. http://www.barnesandnoble.com/bestsellers/top100_cds2.asp?PID=5575&userid=fW0eXWcBf8&cds2Pid=5576
1,087 posted on 06/13/2005 10:31:45 AM PDT by Sprite518
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To: Sprite518
Don't get all caught up in the numbers because their math is wrong. Anyone that understands percentages would know this.

You seems to be the only one confused, their math is correct. Everyone agrees, but you. I know it is a bit confusing, but the 23% inclusive sales tax is really a traditional 30% sales tax rate, or as pigdog likes to more precisely call it a 29.87% sales tax.

Did you know that conservative estimates of revenue that is being held off shore because of our current tax code is at least 10 Trillion dollars? Can you imagine if we bring that money home what it would do for our economy. Imagine all the new jobs it would add.

That would be amazing. Our entire economy is currently about $10 Trillion, so doubling it to $20 Trillion would be incredible. I just wonder who are we going to use to fill those 150 million new jobs considering unemployment is only about 5%.

1,090 posted on 06/13/2005 10:45:28 AM PDT by Always Right
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