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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: expatpat

The FairTax supporters have ALWAYS said that the rate was 23% t-i or 29.87% t-e. It's only the "anti" crowd that have tried to pretend something else.

Typically you try to present the numbers (usually incorrectly as 30% t-e) to pretend that others were being lied to. That has never been the case - and still isn't.


764 posted on 06/12/2005 12:03:19 PM PDT by pigdog
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To: expatpat
Ok let me keep it simple for you. 77 times .23 = 17.71

Therefore, $17.71 is 23% of $77. So the product total would be 77 + 17.71 = $94.71 and not 100. LOL!

First off this guy is assuming prices would not go down. Guess what they would, and you know why? Because the buyer is the ONLY person that pays the tax on a VOLUNTEER basis. Its not like the current progressive tax or Flat tax. If the fair tax was ever passed, then you would see states change their tax codes too in order to stay competitive.
970 posted on 06/12/2005 5:44:43 PM PDT by Sprite518
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