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To: Always Right

Not quite right yet, Rongie.

If a thing costs $100 under the FairTax, then it includes $23 of tax and the thing itself is $77. The total cost ($100 in your example) must be shown on the required receipt.

In addition, your continued use of tex-exclusive figures isn't accurate either, since the correct t-e figure is 29.87%, not "30". You guys just like to artificially inflate things.


749 posted on 06/12/2005 11:07:26 AM PDT by pigdog
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To: pigdog; Sprite518
If a thing costs $100 under the FairTax, then it includes $23 of tax and the thing itself is $77.

Got that, sprite? Even Piggie tells you there is a $23 tax on a $77 item, which is a 30% tax in anyone's math (29.87% if you want to get fussy).

755 posted on 06/12/2005 11:23:41 AM PDT by expatpat
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To: pigdog
If a thing costs $100 under the FairTax, then it includes $23 of tax and the thing itself is $77. The total cost ($100 in your example) must be shown on the required receipt.

In my example, I clearly explained the cost with tax was $130.

In addition, your continued use of tex-exclusive figures isn't accurate either, since the correct t-e figure is 29.87%, not "30".

Actually, the correct figure is 29.87012987012987012987012987........but I think most sane people would accept 30% as a round figure for 29.87%.

762 posted on 06/12/2005 11:55:09 AM PDT by Always Right
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