Comment

Comment by Josh Gregg on July 22, 2009 at 12:45pm

Question: I did some math. We believe that there is an embedded cost of 22% in the cost of everything that we buy. That means that by enacting the fair tax a $100 item would cost around $78. A Sales tax rate of 23% of that 78$ would leave the final price at $95.94. Thats a $4.06 drop in price even with the fair tax. Am I wrong?

This is an example used to explain the 23% tomato or 30% tomato. I did the math and here is the controversy. If you divide 77 dollars by 23 you get a round about percentage of tax of 30%. That ould be true if the tax was exclusive, meaning it is added to the price of the item, but sine the fair tax is inclusive the above sample that I gave should be true.

Allow me to better explain. If the cost of the item under the current tax code is 100$, removal of the embedded costs which is estamated at 22% would leave the price at 78$ without the tax. Multiply 78$ by .23 (23%) and you will get the amount of taxes collected to be $17.94 cents. Add 17.94 cents to 78$ and you get $95.94. Thats a $4.06 drop from the income based price of a 100$ or 4.06% price drop even with the Fair Tax.
Am I wrong?

Comment by Billie on July 22, 2009 at 7:15am

Thanks Roy. I always say this is the way to get FairTax passed. We NEED everyone to do what they can. That is what is so great about the Dayton area group. When we have some thing going on we pretty much know that everyone that can will be there to help. We had a good response on July 3rd (Dayton Tea Party) and the 4th at the West Carrollton Festival. That is how OH group now has over 400 members. Thanks everyone for your help. We need you again on the First of August. Hope to see everyone at the State Tea Party. Billie in Beavercreek

Comment by Roy A. Wagner on July 21, 2009 at 10:07pm

I will bring my Monopod and Video Cam to the 1-AUG-2009 TEA PARTY and post the proceedings on krosevideo.blip.tv/ and conservativecavalry.blip.tv/

Comment by Nancy L. Gatchel on July 21, 2009 at 7:42pm

I need to rephrase state mandate: Tea party has to rent all equipment throught the state per state mandate. We have to help defray cost.

I'd still bring a folding a chair if I were you, for the table.

Remember, no sticks to hold up your signs @ this event. Statehouse security mandate.

Comment by Nancy L. Gatchel on July 21, 2009 at 7:39pm

Statewide Liber-Tea Party update:

Fair Tax table secured. $75. dollar donation required (state mandate) I'm paying up front but need help. I'm chipping in $10. & hope you can all chip in a few bucks to help me out. (extremely limited income!)
As I will be unable to work the table d/t committment to help organizers w/ event, hopefully some of you can work table & some the crowd. (I'll wear my FairTax shirt & fliers & petitions in hand)

Will keep you updated. Looking forward to this event! Questions? Contact me here or email n.gatchel@verizon.net

Comment by Barbara Wilson on July 21, 2009 at 5:33pm

Lonnie,
It seems that I can't send you a personal e-mail through this site.
Please e-mail me at www.bgw366@woh.rr.com so we can connect for the Motorcycle Rally!
Barbara Wilson

Comment by Barbara Wilson on July 21, 2009 at 5:19pm

Lonnie,
I will e-mail you my contact # .
We will discuss what you need to do at the motorcycle Rally in Miamisburg, and perhaps get some Volunteers to help? Thank you for volunteering to help! Help is hard to come!
Barbara Wilson

Comment by Lonnie C. Logston on July 21, 2009 at 3:32pm

barbara wilson yes I would! Ineed all the help you can give me what do I need to do

Comment by Steve Curtis on July 21, 2009 at 12:37pm

You can also get a similar list from our ohfairtax.org website, plus we include the state representatives as well!!

Comment by Billie on July 21, 2009 at 8:12am

Check out this link: http://americac2c.ning.com/group/ohioforamerica
If I posted the right link; it is the politians for Ohio. You can see your District if you know your Representative. Billie in Beavercreek

• ‹ Previous
• 1
• …
• 42
• 43
• 44
• 45
• 46
• …
• 69
• Next ›
• Page