To: Phantom Lord
As all Fair Tax opponents do, you lie about the tax rate. It is a 23% inclusive rate. Not a 30% exclusive rate. ???? A 23% inclusive tax rate is a 30% exclusive tax rate. The bottom line, a $100 untaxed item will be $130 under the fair tax. Whether is it calculated as 23% of $130 or 30% of $100 (like how every state does it) is mute. Calling it a 23% inclusive tax is just misleading as no one outside of the fairtax crowd have any idea what you are talking about.
To: Always Right
The bottom line, a $100 untaxed item will be $130 under the fair tax. So... what does that $100 "untaxed" item cost today? It's certainly more than $100...
81 posted on
05/11/2007 10:02:58 AM PDT by
kevkrom
("Government is too important to leave up to the government" - Fred Dalton Thompsn)
To: Always Right
The reason you must speak of the rate in an inclusive manner is so it can be compared apples to apples with the current income tax, which is an inclusive calculation.
And a $100 item today will be a $100 item tomorrow under the Fair Tax, not $130.
87 posted on
05/11/2007 10:12:46 AM PDT by
Phantom Lord
(Fall on to your knees for the Phantom Lord)
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