To: Man50D
You could go up to 99% of all the taxpayers and ask them what 23% inclusive of $100.00 is and they are going to say, "What in the heck are you talking about?"
Flim-flam from the get go, is a clear warning to stay away from the peddler.
8 posted on
01/13/2008 5:47:15 AM PST by
Mark was here
(Hard work never killed anyone, but why take the chance?)
To: Mark was here
You could go up to 99% of all the taxpayers and ask them what 23% inclusive of $100.00 is and they are going to say, "What in the heck are you talking about?"
Thank you for illustrating the deception perpetrated by the income tax with hidden taxes at each stage of production. It is the biggest flim flam based on the premise out of sight out of mind. The transparency of The Fair Tax by itemizing the tax externally from the price will end the deceptive practice of the income tax and let people know what they are actually paying in taxes. We will stay clear of the IRS peddler once we abolish it with The Fair Tax!
12 posted on
01/13/2008 5:57:32 AM PST by
Man50D
(Fair Tax, you earn it, you keep it! Duncan Hunter is a Cosponsor.)
To: Mark was here
The business owners I have talked to are smart enough to understand the difference between inclusive and exclusive, they understand differences caused by different denominators.
Inclusively 23 out of 100 is 23%.
Exclusively 23 out of (100-23) is 29.87%.
The same can be said for the employee’s portion of Social Security/Medicare payroll tax.
Inclusively 7.65 out of 100 is 7.65%.
Exclusively 7.65 out of (100-7.65) is 8.28%.
Do you trust the Social Security Administration when they say the rate they tax employees is 7.65%?
As for you thinking nearly all taxpayers are so dumb as to not be able to see the difference, you have a low opinion of Americans. I assure you they can see the difference and they can see persons such as yourself falsely accusing the fine people that have crafted the FairTax legislation of being less than sincere.
116 posted on
01/13/2008 8:38:39 AM PST by
Hostage
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