Maureen <[email protected]> wrote: > > No, because you leave out the prebate in your calculations. > > Go here and plug in your numbers. > http://www.fairtax.org/site/PageServer?pagename=calculator >
Yes, but their calculator seems to be a piece of crap. Let's try the math ourselves: Now maybe I'm not understanding this, but according to FairTax.org's 2011 Prebate Schedule: http://www.fairtax.org/PDF/PrebateExplained2011.pdf * A couple with two kids receives an annual prebate of $6,767 * A couple with no kids receives an annual prebate of $5,009 So, let's run my numbers again: (1.) Let's say the family of 4 making $50k/yr spends $50,000/yr. If we say the FairTax is 15%, that means they'd pay $7,500 in taxes, but they get a prebate of $6,767 which means they pay $733 in taxes or 1.5% in annually. (2.) The couple making $350/yr also spends $50,000/yr. At 15% FairTax, they'd pay $7,500 in taxes but get a prebate of $5,009 which means they'd pay $2491 in taxes or 0.7% annually. That means that the struggling family of 4 pays double the taxes that the upper-middle class lawyers do. Still sounding pretty regressive to me. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340182 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
