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To: Thermalseeker
There is really no debate on the issue.  Here's some sources for you, if you wish:

FairTax from Wikipedia

Fair Tax not what it appears

And even the fairtax FAQ admits it, if you bother to read down to Question 47...

ABOUT THE FAIRTAX

47.  I know the FairTax rate is 23 percent when compared to current income and Social Security rate quotes. What is the rate of the sales tax at the retail counter?

30 percent.
 

140 posted on 05/12/2007 6:11:42 AM PDT by Always Right
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To: Always Right; lucysmom
Thank you for the information and the PING!
I seen now why the politicians want this - talk about VOTE BUYING POTENTIAL.
I can't think of anything more insane than giving them this tool.
157 posted on 05/12/2007 9:50:05 AM PDT by GrandEagle
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To: Always Right
ALL other taxes would be abolished. You would pay just ONE tax ONE time. Even at 30% its a heckuva deal, wallet wise than our current tax system where the savings are illusory because you pay different taxes several times. I think to be taxed that often is both confiscatory and truly unfair.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

163 posted on 05/12/2007 4:09:40 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Always Right
30 percent

Try to understand the difference between an inclusive tax and and exclusive tax. I knew this was what you were going to present and it is thoroughly discounted in #47 of link you provide. Read it and try to understand the math. Clearly, you don't undestand the difference between an inclusive tax and an exclusive tax. This is where your misunderstanding lies.

BTW, Wikipedia is a very questionable reference. Surely you've heard about all the lawsuits that have errupted because of false information being posted there?

209 posted on 05/14/2007 6:20:27 AM PDT by Thermalseeker (Just the facts, ma'am)
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