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What grass-root organizations should conservatives join?
Vanity
Posted on 11/11/2008 7:31:07 PM PST by Ballygrl
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To: Man50D
Thanks for the link.
Well, I’ll have to do some more research but I don’t think this will be good for our economy. At 23% I won’t be buying much of anything. If I buy an item at $100 I’ll be paying $23 dollars in tax.
I’d have to do a comparison on whether I’ll be better off in the long run.
121
posted on
11/17/2008 5:37:42 AM PST
by
beachn4fun
(Congress gone wild!)
To: beachn4fun
At 23% I wont be buying much of anything. If I buy an item at $100 Ill be paying $23 dollars in tax.
Good idea on doing the research. Once you do you'll understand that nearly 23% of that $100 is embedded corporate taxes. The actual cost of that item is $77. The Fair Tax will eliminate the embedded corporate income taxes and apply it as a separate item on the receipt. Consequently under The Fair Tax the actual cost will be $77. The $23 will applied as the new tax rate. The item will still cost $100.
FAQ#47
122
posted on
11/17/2008 4:31:01 PM PST
by
Man50D
(Fair Tax, you earn it, you keep it!)
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