gfn wrote in
:

On May 26, 6:23*pm, RD Sandman wrote:
gfn wrote
innews:f287e735-90d5-42c1-a14d-55a606092fd9@
28g2000yqu.googlegroups.com:









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://herman
cai
n.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.

Let's try it this way using YOUR figures above.

Originally

Wholesale - $50
Compliance costs - $23
Sales and other taxes - $27

Total product cost $100

Federal income tax revenue is a separate item.

* *****

Wholesale - %50
Compliance Costs - $23
Sales and other taxes - $27

Total product cost now - $50

Federal income tax revenue still a separate item.

* *****

Wholesale - $50
Add sales and other taxes -$27
Add Fair Tax - $23
Add money for loss of income tax revenue - $whatever

Oooops, it now comes to more than the original $100 since that
revenue is not a separate item anymore.


Oops, you are figuring it out incorrectly. Why are you removing sales
and other taxes? By those I am talking about state and local taxes.

I didn't remove them. I simply listed them ands showed them back in
place in the next step.

So, let's try this again.

Current
- Wholesale: $50
- Add sales and other (local/city) taxes: $27
- Compliance costs: $23
- Total: $100

FairTax
- Wholesale: $50
- Add sales and other (local/city) taxes: $27
- FairTax: $23
- Total: $100

You can review my other posts to account for all the other benefits.

Are you trying to tell me that compliance costs today equal all personal
income tax and FICA?


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

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