To: hripka
Approximately two-thirds of that (more research needed) is consumer spending. 2.5 trillion divided by 7.26 trilion is an inclusive federal sales tax rate of 34%.
The 23% fairtax lie is, by law, only for the first year. The fairtax teaser rate includes the government taxing itself to make the rate appear lower than it would have to be.
74 posted on
09/26/2005 8:44:37 AM PDT by
lewislynn
(Status quo today is the result of eliminating the previous status quo. Be careful what you wish for)
To: lewislynn; pigdog
The fairtax teaser rate includes the government taxing itself to make the rate appear lower than it would have to be. I know, that is just another deception of the 'fairtax'. How can government tax itself? Isn't that just an "embedded tax' ?
78 posted on
09/26/2005 10:07:39 AM PDT by
hripka
(There are a lot of smart people out there in FReeperLand)
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