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To: Always Right
I read the and understand the bill numerous times, thank you.

Read it, maybe, but as far as understanding it, no. Among other things you continually misquote the proposed tax rate, but that seems to be intentional.....

131 posted on 05/12/2007 5:31:50 AM PDT by Thermalseeker (Just the facts, ma'am)
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To: Thermalseeker
Read it, maybe, but as far as understanding it, no. Among other things you continually misquote the proposed tax rate, but that seems to be intentional.....

I understand it just fine, perhaps you don't. An item that costs $100 pretax under the fairtax ends up being $130 with the fairtax. 99.9999999% of the people on this planet call that a 30% tax. The fairtax folks call that a 23% inclusive rate (23% of 130 = 30). Or did you not understand that is what they do?

133 posted on 05/12/2007 5:36:44 AM PDT by Always Right
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