"Scout" wrote in
:



"gfn" wrote in message
..
.
On May 28, 10:15 am, "Scout"
wrote:
"gfn" wrote in message


m...









On May 27, 7:28 pm, RD Sandman
wrote:
"Scout" wrote
:

"gfn" wrote in message

.com..
.
On May 26, 6:52 pm, RD Sandman
wrote:
Gray Ghost wrote
6.97.142:

gfn wrote in
news:f287e735-90d5-42c1-a14d-55a606092fd9@
28g2000yqu.googlegroups.com:

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.

Didn't see any minuses in there. You think compliance costs
are just going to away?

No, he thinks that the fair tax will replace them as they
will no longer be needed. He mainly needs to use more
accurate numbers and understand that he cannot subtract 23%
from an item's cost, add stuff to it and still have it be 23%
when he puts it back in place.
Either his first 23% is in error or the second one is.

$22 million in research says otherwise. On average, every
good and service you buy contains 23% in embedded costs.
Those will go away as market forces take hold. That 23% is
replaced by the FairTax. Guys, this isn't that hard.

Ok, HOW exactly are these embedded costs going to just go away?

Do you think cost of compliance with EPA regulations is going
to be eliminated simply because you add yet another tax?

And where is the information that those costs total up to 23% of
the product cost. Tis awfully suspicious that the costs removed
equal the new costs put in when the new costs include all that
federal tax revenue
that is currently being gathered.

Personal income tax - 45%
Payroll Taxes - 36%
Corporate income tax - 12%
Excise taxes - 3%
Other - 4%

http://tinyurl.com/6sdrrr

Some of those costs were already in the product cost so they
didn't go away.

I have no problem with the Fair Tax being calculated at 23% to
gather all
that stuff in. The problem I have is the claim that the cost for
that stuff was 23% of the original product cost. That is the
only way to add
23% tax and come up with the original cost for the product.

--
Sleep well tonight....RD (The Sandman)

If you woke up this morning....
Don't complain.

Go tohttp://en.wikipedia.org/wiki/FairTax. Specifically, the
section headed "Theories of retail pricing".

Sorry, but show me in Fairtax.org

In wiki anyone can claim anything about anyone. If your claims have
merit then the organization itself will have said it.

The fairtax site references the study (http://www.fairtax.org/site/
Search?q=jorgenson
+22%25&btnG=Search&output=xml_no_dtd&client=convio _frontend&num=10&pro
xystylesheet=convio_frontend&oe=ISO-8859-1&ie=ISO-8859-1&sort=date
%3AD%3AL%3Ad1&entqr=3&ud=1&site=afft)

The wiki site cites the study with a link to the paper. just link to
it.

And you consider the above mess to be a useable link?




I don't think he is aware of or knows how to use TinyUrl. There is a
plug-in for it on FireFox and, I would assume, one for Explorer.

--
Sleep well tonight....RD (The Sandman)

If you woke up this morning....
Don't complain.