"... to raise the same amount of revenue that would have been raised..."
That says it all. Your misinterpretation is not my problem.
"... to raise the same amount of revenue that would have been raised..."No that only says part of it. this says it all:That says it all. Your misinterpretation is not my problem.
"The old-age, survivors and disability insurance rate shall be determined by the Social Security Administration. (not by Congress) The old-age, survivors and disability insurance rate shall be that sales tax rate (determined by unelected Social Security bureaucrats)which is necessary to raise the same amount of revenue that would have been raised by imposing a 12.4 percent tax on the Social Security wage base (including self-employment income).....The Fairtax definition of 100% paycheck only includes 7.65% of the SS wage base but the very same Fairtax people include 15.3% of the SS wage base in their sales tax...That's a loser for the consumer.The hospital insurance rate shall be determined by the Social Security Administration. The hospital insurance rate shall be that sales tax rate (determined by unelected Social Security bureaucrats) which is necessary to raise the same amount of revenue that would have been raised by imposing a 2.9 percent tax on the Medicare wage base (including self-employment income)
Your misinterpretation is not my problem.Actually YOUR misinterpretation is your problem...I only posted the actual words YOU misinterpreted them.