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To: Texas Patriot
However I must say this if you look at Anceint_geezers new numbers we could lower the inclusive rate to 19% for a 23.5% exclusive rate this is important news and the new numbers should be fed into the NRST.
You need to understand that the FairTax was never revenue neutral, even at 23% inclusive. The rate that has been proposed is just too low.

They were able to make it appear revenue neutral by taxing government consumption and wages (yes, government wages are taxed at the FairTax rate). So when determining the FairTax rate they accounted for this money the federal government would be paying themselves as revenue but didn't account for the increase in expenditures required to pay the tax! It's as if you gave yourself a loan and called it income. It defies reason and logic.
220 posted on 05/04/2005 6:28:42 AM PDT by Your Nightmare
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To: Your Nightmare

Hmm, now I understand just what your saying and to behonest I wasn't aware that this was the case and I will have to do some
research on this aspect.
In the mean time does anybody else have an answer or explanation.


221 posted on 05/04/2005 7:30:50 AM PDT by Texas Patriot (Remember.... The Alamo, never forget HOORAHH!!!!!)
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