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To: Always Right
So it is a 30% tax added to $77. Thank you.

Yes and no. To compare apples to apples, the FairTax needs to be stated in inclusive terms because the income tax rates are inclusive.

If you want to go with an exclusive comparrison, fine, also calculate the income tax and FICA on an exclusive basis and provide those rates as well.

237 posted on 05/14/2007 9:10:58 AM PDT by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Phantom Lord
Yes and no. To compare apples to apples, the FairTax needs to be stated in inclusive terms because the income tax rates are inclusive.

If the FairTax were to be enacted, then the apples to apples argument would be moot.

272 posted on 05/14/2007 11:19:22 AM PDT by lucysmom
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