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To: Always Right
OK. If you want to play the numbers game, here's this one. Let's say this person makes $5,000 a month. Of that $5,000, this person pays $765 in payroll taxes and $500 in federal taxes (at an extremely low 10% tax rate just to prove how much better the fairtax is). That makes for $1,265 in taxes every month, or a 25.3% marginal rate. If you want to make that tax-exclusive, that would be 33.6%. If this person had a more realistic income tax of 20%, these numbers would be 35.3% tax-inclusive and over 54% tax-exclusive. So you tell me, which way is cheaper??? Oh, and by the way, a used house is tax free.
14 posted on 04/23/2004 6:43:55 AM PDT by Remember_Salamis (Freedom is Not Free)
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To: Remember_Salamis
Oh, and by the way, a used house is tax free.

If I could only figure out a way to build used houses, you would have a point. Unfortunately, my new houses loaded with a 30% tax will have to compete against thost tax-free used houses. From a builder of new homes, the NRST sucks BIG TIME.

18 posted on 04/23/2004 6:55:59 AM PDT by Always Right
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