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To: prisoner6

Fair Tax is not a VAT. VAT taxes every time value is added to a product. Fair Tax taxes it only once.


160 posted on 09/24/2011 6:47:20 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: MNJohnnie
Thank you. That is what I understood but some of my "friends" have claimed that under a fair tax a product is taxed at every level.

For example...forgetting that this is food, if I bake an apple pie my apples are taxed, my flour is taxed, in fact all ingredients are taxed as well as the final product.

Now let's say it's a car. The steel is taxed, the plastic is taxed and everything that goes into the final product is taxed at every level as it is passed along.

196 posted on 09/24/2011 7:18:16 PM PDT by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
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To: MNJohnnie
Fair Tax is not a VAT...Fair Tax taxes it only once.

those double double posts are troublesome, eh? *grinning*....
I agree with you totally, flat fair tax (13%) & size of
government share of GDP @ less than (<) 15%.


316 posted on 09/24/2011 10:20:41 PM PDT by skinkinthegrass (I can take tomorrow, spend it all today. Who can take your income, tax it all away. Obama Man can. :)
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