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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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To: Always Right
An item that costs $100 pretax under the fairtax ends up being $130 with the fairtax.

And you derive this from?

Applying a 23% sales tax to an item that cost $100 ads $23 to the item, not $30.

Utterly amazing how many FairTax critics change the plan in order to make and justify their arguments......

135 posted on 05/12/2007 5:56:31 AM PDT by Thermalseeker (Just the facts, ma'am)
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