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To: Your Nightmare

Like the contractor that builds aircraft carriers doesn't have income and payroll taxes and neither does anybody in their supply chain.

Give it up, Nightmare. All you can ever prove is that if you deny the obvious, the FairTax can't work. Denial. It's not just a river in Egypt.


684 posted on 09/06/2005 1:14:06 PM PDT by Kellis91789
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To: Kellis91789

Just for fun, I went and checked the financial statement for Nortthrup Grumman -- major contractor for a new aircraft carrier "CVN 21" starting construction in 2007.

2004 revenue was $30B. Income Tax paid $500M. Payroll tax on 125K employees was probably $600M. 11% savings on subcontractors and materials is another $2.5B so we have a total cost reduction of $3.6B on $30B revenue. Looks like 12% to me.


685 posted on 09/06/2005 2:06:48 PM PDT by Kellis91789
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To: Kellis91789
You give it up. FairTax supporters have been claiming for years that everyone would come out ahead with the FairTax. There are no losers. Even the federal and state governments can pay a 29.87% tax on their purchases and wages and still come out ahead.

It's all a shell game.
686 posted on 09/06/2005 2:16:37 PM PDT by Your Nightmare
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