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To: robertpaulsen
If the employer gives you your whole paycheck rather than sending a portion of it to the IRS, his "cost" of business remains the same.

Guess you never owned a business or been self-employed?

The employer has to send not only what he keeps from your check of YOUR money, but he has to send matching - that's the same amount - from HIS pockets. (That's why the income tax on self-employed people is DOUBLE) - and the employer has to send the matching funds on EACH employee.

That a hell*va big COST of his doing business.

66 posted on 04/22/2006 6:36:59 PM PDT by maine-iac7 ("...but you can't fool all of the people all of the time," Lincoln)
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To: maine-iac7
"Guess you never owned a business or been self-employed?"

Since 1986.

Whether I give those matching funds to the employee (they're his, by the way) or send them to the IRS, my cost of doing business is identical.

Now, if you're suggesting that, under the Fair Tax, the employer is going to keep those matching funds, then the article is misleading when it says, "Allows you to keep 100 percent of your paycheck, pension and Social Security payments"?

76 posted on 04/23/2006 5:52:35 AM PDT by robertpaulsen
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