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Hi Robert!
I love your suggestion!
Thanks,
Marilyn
May I suggest revising the following paragraph to be more accurate?
The Huntsman's tax plan does not mention the payroll taxes -- the taxes that most people pay -- so you will need to add 15.5% to each of the rate which would make the rates 23.5%, 29.5% and 38.5% of everything you earn compared to the Fair Tax rate of 23% of what you spend for personal consumption.
To read:
The Huntsman's tax plan does not mention the payroll taxes -- the taxes that most people pay -- so you will need to add [7.65%; 15.3% if you're self employed] to each of the rate which would make the rates [15.65%, 21.65%, and 30.65%; or 23.3%, 29.3% and 38.3% if you're self-employed] of everything you earn compared to the Fair Tax rate of 23% of what you spend for personal consumption.
(With appropriate changes to the last paragraph as well)
Otherwise, great information. Thanks for posting.
Based on what you have here Marilyn, I'd have to say there is no comparison. I like the effort he and his staff made, and if we didn't have the FairTax, it might be worth a closer look. But we do have the FairTax.
This is a succinct and straightforward comparison that is easy for general audiences to grasp. Thanks, Marilyn, for putting this piece out.
~Jim
Good job Marilyn. Thanks
It seems to e that all polirticians (well, not all) want to keep the income tax in some form as it gives them more power and control than the Fair tax would.
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