The "Fair Tax" Rate, Revisited (Yet Again)
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Does this sentence make any sense to you?
Then how much sense does this sentence make? (WSJ - $)
It is as simple as it is unarguable: the FairTax proposal is a 30% national sales tax:
"0.30 / 1.30 = 0.23"
is a 30% sales tax, not a 23% sales tax. All else is willful deceit...
...as is the 30% itself, incidentally.
"Dogs have feathers, because birds have feathers and dogs would therefore have feathers if they were birds."No?
Then how much sense does this sentence make? (WSJ - $)
The FairTax rate is 23% on retail sales when calculated "inclusively," as are income tax rates.But just as a dog is not a bird, a sales tax is not an income tax. So to say that a sales tax rate can legitimately be presented by the same metric as an income tax rate is as ridiculous as saying that "dogs have feathers -- assuming that dogs are birds."
It is as simple as it is unarguable: the FairTax proposal is a 30% national sales tax:
is a 30% sales tax, not a 23% sales tax. All else is willful deceit...
...as is the 30% itself, incidentally.
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Posted by Kip on
26 December 2007
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