On May 26, 8:06*pm, "Scout"
wrote:
"gfn" wrote in message

...









On May 26, 4:04 pm, Gray Ghost
wrote:
gfn wrote in news:cd664af5-c0a8-4200-a50e-2cdb60b5a031
@w21g2000yqm.googlegroups.com:

On May 26, 3:20 pm, Gray Ghost
wrote:
gfn wrote in news:5e36036b-9c38-4449-8578-
:

Under the FairTax
- * * wholesale = $50
- * * compliance costs = - $23
- * * FairTax = $23
- * * sales and other taxes = $27
- * * Grand total = $100

You are obviously a Democrat.

Then Herman Cain must be too because he supports the FairTax.

--
Herman Cain for President! * * * * * * *http://hermancain.c
om/
If you don't support him you are a Racist!!
He beat Cancer. He'll beat Obama (who is just like cancer)

Remember Desert One, Carter 0? Ain't it sad to wish that Obama had as
muc
h
ambition but being glad he doesn't knowing he doesn't have THAT much
competence?

I refer to your math.

wholesale = $50
compliance costs = - $23
FairTax = $23
sales and other taxes = $27

Unless they changed the rules of math by Congressionl decree that's $123.

You can refer to my math, in return I will refer to your reading
comprehension. *Was there something about "- $23" (read minus $23)
that you didn't get? *I guess the example wasn't simple enough for
you.

Yep, and HOW exactly do you assume that compliance with sales and other
taxes will suddenly be reduced to zero, when they will still need to comply
and that it will cost absolutely NOTHING to comply with the additional
FairTax imposed?

You need to understand what compliance costs actually are. They are
the costs associated with complying with the federal income tax on
wages, regressive payroll taxes , the federal income tax on wages,
i.e. measuring, tracking, sheltering, documenting, and filing our
annual income.. If those taxes are gone then just what exactly is
there left to comply with and how does that cost any money?
Compliance costs of the income and payroll tax are like an anchor
holding back economic growth. We have nothing to show for the billions
spent each year on compliance. Hey, if you like having to spend money
on accountant, buy tax programs, spend countless hours figuring out
what you owe, have your income withheld and being taxed on what you
earn rather than what you spend, then there's nothing I can say that
will change your mind. I prefer a better way.